Bitcoin Treasury Strive Debuts New Preferred Stock With 15% Dividend
By Mathew Di Salvo
AI summary of the source article
Bitcoin treasury Strive has debuted its preferred stock, SATS, on the Nasdaq after closing an upsized initial public offering of 7,000,000 shares at $90 per share. The stock pays a 15% dividend every business day.
Why it matters
Matt Cole, Chairman and CEO of Strive, stated that the offering "marks a critical milestone in our strategy to maximize long-term total returns for our common equity investors."
Key facts
- Strive raised $630 million by closing an upsized IPO of 7,000,000 SATS shares at $90 each on the Nasdaq.
- The SATS preferred stock is designed to pay a 15% dividend every business day.
- Strive holds 36,818 BTC worth over $3 billion and maintains a debt-free balance sheet.
Source excerpt · Bitcoin Magazine
Bitcoin Magazine Bitcoin Treasury Strive Debuts New Preferred Stock With 15% Dividend Strive’s second preferred stock offering, SATS, debuted Tuesday on the Nasdaq. This post Bitcoin Treasury Strive Debuts New Preferred Stock With 15% Dividend first appeared on Bitcoin Magazine and is written by Mathew Di Salvo .