Strive SATS Offering Would Add $75 Million in Annual Dividends

Strive’s proposed SATS preferred-stock offering would add $75 million in modeled annual dividends if all 5 million shares are sold at their $100 stated amount, putting the estimated annual dividend amount for SATS and SATA at about $257.4 million under stated assumptions. The preliminary offering terms leave the price and net proceeds blank. Strive has not committed to raising $500 million or to a specific Bitcoin purchase. Proceeds could go toward Bitcoin and related products, income-generating assets, working capital, acquisitions or share repurchases. SATS carries a 15% annual dividend rate on its $100 stated amount per share.

Source: TokenPost