Strive recently acquired 1,223 BTC for approximately $100 million at an average price of $81,734, lifting total holdings to 36,818 BTC with an estimated treasury value of $3 billion. The SATS securities rank junior to SATA equity and carry a 15% annual dividend of $15 per share, representing a 16.7% simple annual yield. The company intends to maintain a dividend reserve covering 18 months of payments, though all cash payouts remain subject to board approval.
Tuesday, October 20, 2026
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Strive Opens Fidelity Access for $630M SATS IPO
Crypto2 days ago
The capital raise targeting latest bitcoin purchases has been integrated into Fidelity's brokerage system to expand access for investors. Strive is selling 7 million la lates t perpetual preferred shares at $90 each, targeting $630 million in gross proceeds to fund further bitcoin and income-generating asset acquisitions. The issuance of the SATS shares is scheduled to settle on Oct. 20, and CEO Matt Cole confirmed that the company's legacy traditional warrants have expired.
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