Strive Preferred Stock SATS completes $630 million IPO and lists on Nasdaq: The raised funds will be used to purchase Bitcoin and yield-generating assets
Oct 20, 2026 21:44:49
Strive announced that its newly issued preferred stock SATS has raised $630 million through its initial public offering (IPO) and has been listed on Nasdaq. The raised funds will be used to purchase more Bitcoin and income-generating assets.
The preferred stock has a fixed annual dividend rate of 15%, paid daily, with the first dividend scheduled to be distributed on November 9.