BlackRock Preferred Stock ETF Buys $39 Million in Strive’s SATS Shares
Key Highlights: The BlackRock-managed iShares Preferred and Income Securities ETF (PFF) has revealed a $39,177,658.53 stake in Strive’s high-yield perpetual preferred shares, trading under the ticker SATS. SATS pays a fixed 15% annual dividend on a stated value of $100 and helped fund Strive’s acquisition of 6,182 Bitcoin for $511.4 million shortly after its initial ...