Funding
Strive Raises $630M with 16.7% Annual Dividend
Strive, a Bitcoin company, has priced its new SATS preferred stock at $90 per share with a $15 annual dividend, offering an 16.7% yield. The offering is expected to raise $630 million before expenses, with settlement scheduled for October 20. The proceeds will be used for various purposes including acquiring Bitcoin, supporting the business, buying income-generating assets, or repurchasing other shares.