Press Enter to search · ESC to close

Crypto US Stocks

Strive to Raise $500M via New 15% Dividend Preferred Stock SATS

Bitcoin treasury company Strive (ASST) plans to issue 5 million shares of a new perpetual preferred stock, SATS, at $100 per share to raise $500 million. Proceeds will fund additional bitcoin purchases, acquisitions of yield-bearing assets, or share buybacks. SATS carries a fixed 15% dividend paid daily and ranks junior to Strive’s existing SATA preferred, now yielding 13%. Strive also plans a reserve covering SATS’s first 18 months of dividends.

Original source

AI take

The structure matters more than the headline number: by ranking SATS junior to SATA and pre-funding only the first 18 months of distributions, Strive is layering a higher-cost claim beneath an existing one, which widens the gap between obligations and the assets meant to service them. That is a meaningful shift in the risk profile of the preferred stack, and it affects both existing SATA holders and anyone assessing how bitcoin-treasury balance sheets are financed. The open question is whether the proceeds go to bitcoin or to yield-bearing assets and buybacks, since the latter would signal a different funding logic.

Generated by AI for reference only.

Share

Related News

TREE NEWS share card
Long-press image above → Save to Photos / Share
Pitch us Feedback