Strive (ASST) Stock Climbs 5% as Daily Dividends Start Nov. 9

TLDR Strive (ASST) stock rose about 5% to $26.92 on Tuesday after closing its upsized SATS preferred IPO. The company raised $630 million gross by selling 7 million shares at $90 each, with estimated net proceeds of $608.15 million. SATS pays a 15% annual dividend on a $100 stated amount, with daily business-day payments starting Nov. 9. Strive holds 36,818 BTC and has not said how much of the proceeds will go toward Bitcoin. Full allocation at $82,500 per BTC could buy about 7,372 BTC, lifting holdings to roughly 44,190 BTC.

Source: CoinCentral