Strive Raises $630M With SATS Preferred Stock Offering
Edited by Steinar Vigdel Kolnes, Editor, Oslo
Bitcoin treasury company Strive raised $630 million through discounted preferred shares carrying a 15% annual dividend.
Dallas-based Strive has introduced SATS, a preferred stock carrying a 15% annual dividend, and raised $630 million through the offering.
The shares were sold below their face value. That discount puts the potential yield for buyers near 17%, above the stated dividend rate.
The offering is backed by a bitcoin treasury valued at approximately $3 billion, according to Bitcoin.com News.
Source: Bitcoin.com News
