Strive Plans $500 Million Raise to Buy Bitcoin and Other Assets, Offers 15% Fixed Dividend

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Release Time: 2026/10/14 00:25:12

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Summary

Bitcoin breaking news: Strive (ASST), a Bitcoin treasury company, plans to issue 5 million perpetual preferred shares (SATS) at $100 each to raise $500 million. The funds will be used to purchase Bitcoin, income-generating assets, or repurchase shares. SATS will pay a fixed 15% daily dividend, with a lower claim priority than existing SATA shares, which offer a floating 13% dividend. Strive will also establish a reserve to cover the first 18 months of SATS dividends.

Odaily Planet Daily reports that Bitcoin treasury company Strive (ASST) has announced plans to issue a new class of perpetual preferred shares, SATS, with an offering of 5 million shares at $100 per share, aiming to raise $500 million. The proceeds will be used to acquire more Bitcoin, purchase income-generating assets, or repurchase company shares.

SATS has a fixed dividend rate of 15%, with daily dividend payments, and ranks junior to the company’s existing SATA preferred shares, which have a floating dividend rate currently at 13%. Strive also plans to establish a reserve equal to the total dividends payable on SATS for the first 18 months upon completion of the issuance. (CoinDesk)

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