Key Highlights: Strive achieved a 63.2% year-to-date Bitcoin yield, measuring the expansion rate of its Bitcoin per share. For the first nine months, the company posted a $14.5 million GAAP net loss and an $88.4 million net loss attributable to common stockholders after preferred dividends. Third-quarter adjusted non-GAAP income attributable to common stockholders reached nearly ...
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 purchased 124 Bitcoin for $10 million between Oct. 24 and Oct. 30, bringing its total treasury holdings to 43,124 BTC. The company funded the acquisition primarily through balance-sheet cash and the first-ever open-market sales from its new SATS preferred stock at-the-market (ATM) facility. With Bitcoin trading near $77,000, Strive sits closely behind ...
Key Highlights: Strive Chief Executive Matt Cole stated that the firm could potentially rank as the second-largest public corporate Bitcoin holder by year-end, though he views it as an unlikely outcome. The firm is raising roughly $630 million in gross proceeds through the sale of 7 million shares of 15% SATS Series A preferred stock ...
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 ...