Strive Aims to Raise $500 Million in Funding for Bitcoin Accumulation and Other Purposes, New Preferred Shares Offer a Fixed Dividend Rate of 15%

Strive Aims to Raise $500 Million in Funding for Bitcoin Accumulation and Other Purposes, New Preferred Shares Offer a Fixed Dividend Rate of 15%

2026-10-14 08:05

ChainThink report, October 14: According to CoinDesk, Bitcoin treasury firm Strive (ASST) plans to issue a new class of perpetual preferred shares, SATS, at $100 per share, with 5 million shares offered, targeting fundraising of $500 million.

Funds raised will be used to increase Bitcoin holdings, acquire yield-generating assets, or repurchase company stock. SATS carries a fixed dividend rate of 15%, paid daily, and ranks junior to Strive’s existing SATA preferred shares, which feature a floating dividend rate currently at 13%.

Strive also plans to establish a reserve fund equivalent to the total dividends of SATS over its first 18 months upon completion of issuance. Last week, Strive increased its Bitcoin holdings by 3,311 BTC, bringing its total position to 32,773 BTC, valued at approximately $2.7 billion.

Disclaimer: Contains third-party opinions, does not constitute financial advice

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