Strive's preferred stock SATS completes a $630 million IPO and lists on Nasdaq, with proceeds to be used to purchase Bitcoin and yield-generating assets

Strive has announced its newly issued preferred stock SATS has raised $630 million through an initial public offering (IPO) and has listed on Nasdaq. The proceeds will be used to purchase more Bitcoin and yield-generating assets. The preferred stock carries a fixed annual dividend rate of 15%, paid daily, with the first dividend payment scheduled for November 9.