Strive sold 7 million shares of its 15% Series A Perpetual SATS preferred stock at $90 a share on October 15, increasing the offering by 2 million shares. It expects about $630 million before underwriting fees, commissions and other costs; the deal is expected to close October 20 on the usual terms.
Strive said it may use the money to buy Bitcoin and related products, alongside other corporate uses. The shares carry a 15% annual dividend based on a $100 stated value, but payments require board approval and funds legally available for distribution. The first scheduled dividend date is November 9, 2026.
