Strive Plans $500 Million Preferred Offering at a 15% Dividend to Buy Bitcoin

Strive, Inc. (Nasdaq: ASST), the bitcoin-focused structured finance company, plans to raise $500 million through a new perpetual preferred stock carrying a fixed 15% annual dividend, with bitcoin purchases listed as a primary use of the proceeds. The company disclosed the plan in a press release on Oct. 13. Subject to market conditions, the offering would sell 5 million shares of 15.00% Series A Perpetual SATS Preferred Stock at a stated amount of $100 per share.

Source: Blockchain Reporter