Strive issued 7 million shares at $90 per share to raise about $630 million in gross proceeds to fund the purchase of more bitcoin and other income-generating assets. The firm's treasury currently holds 36,818 BTC after adding 1,223 BTC last week at an average price of $81,734, a purchase worth about $100 million. CEO Matt Cole stated the company will maintain a dividend reserve covering 18 months of payments and confirmed its legacy warrants have expired.
Tuesday, October 20, 2026
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Strive Lists $630M SATS Preferred Shares on Nasdaq
US Markets12 hours ago
The first cash dividend for the new securities will be distributed on Nov. 9, covering all amounts accrued from the Oct. 20 settlement. SATS perpetual preferred shares began trading on the Nasdaq exchange earlier this week, carrying a 15% fixed annual dividend rate based on a $100 stated amount with payments distributed every business day.
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