Strive Announces 15% SATS Preferred Stock IPO to Fund Bitcoin Acquisition
Photo: Coinpedia
Bitcoin treasury company Strive has proposed an IPO of a new Perpetual Preferred Stock (SATS). At a 15.00% annualized dividend yield, Strive's rate will be the highest compared to all other publicly traded Bitcoin treasury companies. The new stock will complement its existing stock (SATA), with both funding additional Bitcoin investments. Bitcoin (BTC) treasury company Strive has announced its proposed initial public offering (IPO) of a Series A Perpetual Preferred Stock under the ticker SATS. According to a recently published press release, the company intends to offer 5 million shares priced at $100 per share.
Source: Coinpedia
