Strive Completes $630 Million Preferred Stock Financing, SATS Annualized Dividend Yield at 15%
Strive announced the completion of a $630 million financing through the issuance of preferred stock. The newly issued SATS shares are priced at $90 with a par value of $100, carrying an annualized dividend yield of 15%, translating to an actual yield of nearly 16.7%; daily cash dividend payments are scheduled to begin on November 9, subject to board approval. Between October 12 and 16, Strive also purchased 4,045 BTC, bringing its total Bitcoin holdings to 36,818 BTC. ASST closed up over 13% on Wednesday at $30.75, marking its third consecutive trading day of gains.
