Preferred Shares

SATS

2026-10-22 18:17:46

SATS goes live on Roxom as Strive preferred shares offer a 15% annual dividend

SATS is now available on Roxom, according to a post on X by Strive Vice President Joe Burnett. Burnett also said Strive preferred shares carry a 15% annual dividend rate. On Roxom, those dividends will be paid in Bitcoin on every business day. The update ties the SATS listing on Roxom to a yield product from Strive, with the payout structure specifically set in BTC rather than cash. No additional launch details, timing beyond the announcement, or product terms were disclosed in the post cited by Odaily.

90

The Smarter W

2026-10-22 06:10:41

The Smarter Web Company says ATM share sales raised about £592,679 since Oct. 14

London-listed technology company The Smarter Web Company said it has raised about £592,679 in gross proceeds since Oct. 14 through sales made under its common share ATM facility and preferred share ATM facility. According to the company’s announcement, it sold a total of 1,076,000 common shares and 25 preferred shares over the period. The filing said the common shares were sold at an average price of £0.55 per share, generating about £579,850 in net proceeds. The preferred shares were sold at an average price of £100 per share, with net proceeds of about £2,475. The update was cited by ChainCatcher in a brief news item published on Oct. 22. The company did not disclose additional details in the provided text beyond the number of shares sold, the average sale prices, and the proceeds raised through the two ATM facilities.

20

Bitcoin

2026-10-20 20:31:48

Fidelity says perpetual preferred shares at bitcoin treasury firms are a new BTC demand catalyst

Bitcoin Treasuries said in a post on X that Fidelity, which manages $7.8 trillion in assets, views perpetual preferred shares issued by bitcoin treasury companies as the latest catalyst for BTC demand. According to the post, Fidelity said preferred shares have funded purchases of more than 135,000 BTC over the past year and change, equal to 0.5% of bitcoin’s total supply. Fidelity also said bitcoin is becoming increasingly scarce, making it a strong complement to preferred shares. The remarks point to preferred-share financing as a notable channel for corporate bitcoin accumulation, based on the figures cited in the post.

120

bitcoin treas

2026-10-14 07:32:01

The Smarter Web Company’s MORE preferred shares begin trading on the London Stock Exchange main market

Bitcoin Treasuries said in a post on X that MORE, the BTC-backed preferred shares issued by UK bitcoin treasury company The Smarter Web Company, has started trading on the main market of the London Stock Exchange. The post said the preferred shares carry a 12% annual dividend yield, with distributions paid weekly. The update identifies the listing venue, the issuer, the product name and the dividend structure, but does not provide additional details in the source text beyond those points.

320

Strategy

2026-10-05 13:12:58

Strategy flags a $20.91 billion Q3 digital asset gain and shifts capital toward STRC buybacks

Strategy said in an Oct. 5 Form 8-K that it expects to recognize $20.91 billion in digital asset gains for the third quarter of 2026, driven mainly by Bitcoin’s rebound during the period. The gain was described as a mark-to-market, unrealized increase rather than profit from selling Bitcoin. As of Sept. 30, the company reported a Bitcoin carrying value of $70.82 billion and recorded $1.88 billion in related deferred tax expense. The filing also showed that a deferred tax asset tied to prior Bitcoin losses at June 30 was reversed after the market value of its holdings moved back above cost by Sept. 30, creating roughly $4.12 billion in income tax benefit. The company’s capital moves slowed on the Bitcoin purchase side but picked up in preferred share repurchases. Strategy bought only 334 BTC between Oct. 1 and Oct. 4 for about $28.7 million, after making no purchases from Sept. 28 to Sept. 30. Over roughly the same period, it repurchased about 1.77 million shares of STRC for around $176.3 million. As of Oct. 4, Strategy held 848,000 BTC and about $5.7 billion in U.S. dollar assets, including reserves set aside for preferred dividends and debt interest.

610

Strategy

2026-10-05 13:12:15

Strategy seeks shareholder approval for calendar-day dividends on STRF, STRC, STRK and STRD

Strategy has proposed a change to the dividend schedule for its U.S.-listed preferred shares, covering Nasdaq tickers STRF, STRC, STRK and STRD. Under the plan, dividends would accrue on each calendar day, including weekends and holidays, and be paid on the next business day. The company said that, if approved and adopted, the structure would reduce reinvestment lag, improve liquidity and market efficiency, and support price stability. The proposal will be decided by MSTR shareholders, with voting set to begin on Oct. 5 and close on Oct. 28. If the measure passes, STRC would have its first record date on Nov. 1 and first payment date on Nov. 2. For STRF, STRK and STRD, the first record date would be Jan. 1, 2027, with payment scheduled for Jan. 4, 2027.

560

Smarter Web

2026-09-14 09:42:32

TD Cowen Raises Smarter Web Target to GBP 0.73 as MORE Preferred IPO Plan Advances

TD Cowen raised its price target on Bitcoin treasury company Smarter Web from GBP 0.64 to GBP 0.73 and kept its Buy rating, pointing to the company’s planned issuance of perpetual preferred shares under the MORE structure. The firm said the proposed deal would widen Smarter Web’s capital-markets toolkit and create another source of long-term funding. With Smarter Web shares trading at GBP 0.385, the revised target implies roughly 90% upside from the current level. TD Cowen’s analysts also described the move as a sign that the Bitcoin treasury ecosystem is becoming more mature. According to the details cited, the preferred shares are expected to pay a cumulative variable weekly dividend and would come with liquidation preference and redemption rights, but no voting rights. The issuance still requires approval from shareholders and the UK Financial Conduct Authority, or FCA. The update was reported by BlockBeats on Sept. 14.

1250

Policy Regula

2026-09-11 14:42:49

The Smarter Web Company plans UK’s first Bitcoin-backed preferred shares

The Smarter Web Company said it plans to launch what it describes as the UK’s first Bitcoin-backed preferred shares, subject to shareholder approval. The company also said a potential initial public offering could raise between $20 million and $34 million. According to the announcement cited by ChainCatcher, the proceeds are expected to be used to increase the company’s Bitcoin holdings and to acquire operating businesses that generate cash flow. No further details on the proposed share structure or offering timeline were disclosed in the brief statement.

890