Lates News

Bitcoin treasury company Strive announced it has upsized the IPO of its perpetual preferred stock SATS to $700 million, at an offering price of $90 per share. Previously, Strive planned to issue perpetual preferred stock SATS through an IPO, with a fixed annual dividend of 15%: calculated on a stated amount of $100 per share, the dividends are cumulative in nature (unpaid amounts accrue), and dividends are paid daily.