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 ...
Key Highlights: Strive is raising an upsized $630 million before expenses through perpetual preferred SATS shares offered at $90 each, scheduled to settle on Oct. 20. While SATS carries a $100 liquidation preference and a $15 annual dividend—yielding an effective 16.7% cash rate at offering—it lacks a maturity date, leaving investor exits subject to secondary ...
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 ...
Key Highlights: DeFi Technologies Inc. subsidiary DeFi Dev Corp. (DFDV) added 22,070 SOL to its reserves, bringing total holdings to 2,586,282 SOL. DFDV shares dipped ~21% across the week to $4.32, while its high-yield perpetual preferred stock (CHAD) traded near par value at $10. Capital raised through a $300 million CHAD at-the-market offering continues to ...
Strategy’s perpetual preferred stock, Stretch (STRC), continues to trade below its $100 par value despite the company’s ongoing repurchase efforts. The bitcoin treasury company has…