Odaily Planet Daily reports that Strive has completed a $630 million financing round through the issuance of preferred shares. The newly issued SATS shares are priced at $90 with a par value of $100, offering an annualized dividend yield of 15% and an effective yield of approximately 16.7%; daily cash dividends are scheduled to begin on November 9, subject to board approval. Between October 12 and 16, Strive also purchased 4,045 bitcoins, increasing its total bitcoin holdings to 36,818. ASST closed up over 13% at $30.75 on Wednesday, marking its third consecutive trading day of gains.
Strive Completes $630M Preferred Share Financing with a 15% Annual Dividend Rate on SATS
KuCoinFlashShare
Summary
Strive announced a $630 million preferred share financing, with SATS priced at $90 and a 15% annual dividend rate. On-chain data shows the yield nearing 16.7%, with daily cash dividends beginning on November 9. From October 12 to 16, Strive purchased 4,045 Bitcoin, increasing its holdings to 36,818. ASST rose over 13% to $30.75 on Wednesday, marking its third consecutive gain. Altcoins to watch may include SATS, as returns and on-chain activity suggest strong interest.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.