News · Institutions & ETFs
The asset manager plans to issue perpetual preferred stock paying daily dividends to fund corporate operations and bitcoin purchases.
Key point 1 of 3
01
Strive announced an offering of 5,000,000 shares of 15.00% Series A Perpetual SATS Preferred Stock with a $100 stated amount.
Key point 2 of 3
02
Proceeds will support general corporate purposes, including buying bitcoin, funding working capital, and repurchasing equity.
Key point 3 of 3
03
Dividends will accrue at 15.00% annually and are payable each business day starting Nov. 9, 2026, backed by an 18-month reserve.
Context
Strive has integrated bitcoin into its treasury strategy as a capital hurdle rate, leveraging public capital markets to accumulate digital assets alongside corporate expansion.
Why it matters
If completed, the offering provides Strive with capital to expand its treasury holdings and repurchasing capacity, while testing public investor appetite for high-yield,…
What to watch
Nasdaq listing approval under the symbol SATS and the planned initiation of daily dividend payments on Nov. 9, 2026.
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