Strive to Raise $500 Million to Buy More Bitcoin via New Preferred Share Class
Key Highlights Strive plans to raise $500 million by offering 5 million shares of its new perpetual preferred stock, SATS, priced at $100 per share with a 15% fixed dividend. Proceeds from the offering are earmarked to purchase more Bitcoin, acquire income-generating assets, or finance share buybacks, backed by an initial 18-month dividend reserve. Strive ...