Strive SATS Preferred Shares Complete $630 Million IPO on Nasdaq

On October 20, Strive's new preferred shares, SATS, completed their IPO, raising $630 million and listing on Nasdaq. The funds raised will be used to increase Bitcoin holdings and acquire cash-generating income-producing assets. SATS is a perpetual cumulative preferred stock with a fixed annual dividend rate of 15%, distributing dividends daily on trading days; the first dividend payment date is set for November 9, 2026, with a record date of November 6. In terms of liquidation priority, SATS ranks below the previously issued SATA and above the common stock ASST.

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