Strive SATS preferred stock offering
Story timeline · 2 updates, 14 Oct 2026
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.
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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.
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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