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Bitcoin Treasury Strive Debuts New Preferred Stock With 15% Dividend

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Bitcoin Treasury Strive Debuts New Preferred Stock With 15% Dividend

Bitcoin Magazine

Bitcoin Treasury Strive Debuts New Preferred Stock With 15% Dividend 

Bitcoin treasury Strive’s preferred stock, SATS, is now trading on the Nasdaq, according to the company. 

The stock debuted Tuesday and will pay a 15% dividend every business day, according to an announcement. 

Nasdaq-listed Strive said it closed its upsized initial public offering of 7,000,000 shares of SATS at a public offering price of $90 per share. 

JUST IN: 🇺🇸 Strive’s 'SATS' has officially IPO’d on the Nasdaq, and is raising $630 million to buy more Bitcoin and income-generating assets 🚀 pic.twitter.com/IxqeUENary

It comes as public companies work to financialize bitcoin via different products. OG bitcoin treasury Strategy, which has five different preferred stocks, proposed daily dividends for its products last month. 

“The successful, upsized IPO of SATS marks a critical milestone in our strategy to maximize long-term total returns for our common equity investors,” Matt Cole, Chairman and CEO of Strive, said in a statement. 

The Nasdaq-listed Strive also has SATA, another preferred stock, which pays a variable dividend. 

Strive debuted as an official bitcoin treasury last year and is now the fourth biggest company in the space. 

Founded by former Ohio gubernatorial candidate and tech entrepreneur Vivek Ramaswamy, the company holds 36,818 BTC worth over $3 billion at today’s prices. The company on Monday announced another bitcoin buy of 4,045 BTC between October 12 and 16.

In January 2026, it completed the acquisition of Semler Scientific in an all-stock deal — the first instance of a publicly traded Bitcoin treasury company acquiring another such company.


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