Strive's Joe Burnett says investors can now join SATS perpetual preferred stock IPO via Fidelity

The story so far: Strive SATS preferred stock offering

Strive plans to sell 5m shares of perpetual preferred stock, SATS, at $100 each to raise $500m for Bitcoin purchases, yield assets or buybacks, paying a fixed 15% dividend. Investors can now join the SATS IPO through Fidelity.

1. 14 Oct 202600:01 UTC

   Strive plans $500m preferred stock offering to fund Bitcoin purchases

   Bitcoin treasury company Strive plans to sell 5m shares of a new perpetual preferred stock, SATS, at $100 each to raise $500m, according to CoinDesk. Proceeds would fund Bitcoin purchases, yield assets or buybacks; SATS pays a fixed 15% dividend.

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2. 14 Oct 202612:56 UTC

   Strive's Joe Burnett says investors can now join SATS perpetual preferred stock IPO via Fidelity

   Strive vice-president Joe Burnett said on X that investors can now take part in the SATS perpetual preferred stock IPO through Fidelity.

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