Strive said it has completed a $630 million fundraising through the issuance of preferred stock. The newly issued SATS shares were priced at $90 with a par value of $100, carrying an annual dividend rate of 15% and an effective yield close to 16.7%. The company said daily cash dividends are scheduled to begin on Nov. 9, subject to board approval. Separately, Strive bought 4,045 BTC between Oct. 12 and Oct. 16, bringing its total Bitcoin holdings to 36,818 BTC. ASST closed up more than 13% on Wednesday at $30.75, marking its third straight trading day of gains.
Strive said it has completed a $630 million fundraising through the issuance of preferred stock.
The newly issued SATS shares were priced at $90, with a par value of $100. The stock carries an annual dividend rate of 15%, and the effective yield is close to 16.7%.
Daily cash dividends are scheduled to begin on Nov. 9, subject to board approval.
Strive also bought 4,045 BTC between Oct. 12 and Oct. 16, lifting its Bitcoin holdings to 36,818 BTC.
ASST closed up more than 13% on Wednesday at $30.75, extending gains to a third consecutive trading day.
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