Bitcoin Treasury Strive Debuts New Preferred Stock With 15% Dividend
Bitcoin Magazine Bitcoin Treasury Strive Debuts New Preferred Stock With 15% Dividend Strive’s second preferred stock offering, SATS, debuted Tuesday on the Nasdaq. This post Bitcoin Treasury Striv...
Bitcoin treasury Strive’s preferred stock, SATS, is now trading on the Nasdaq, according to the company.
The stock debuted Tuesday and will pay a 15% dividend every business day, according to an announcement.
Nasdaq-listed Strive said it closed its upsized initial public offering of 7,000,000 shares of SATS at a public offering price of $90 per share.
JUST IN: 🇺🇸 Strive’s 'SATS' has officially IPO’d on the Nasdaq, and is raising $630 million to buy more Bitcoin and income-generating assets 🚀 pic.twitter.com/IxqeUENary
It comes as public companies work to financialize bitcoin via different products. OG bitcoin treasury Strategy, which has five different preferred stocks, proposed daily dividends for its products last month.
“The successful, upsized IPO of SATS marks a critical milestone in our strategy to maximize long-term total returns for our common equity investors,” Matt Cole, Chairman and CEO of Strive, said in a statement.
The Nasdaq-listed Strive also has SATA, another preferred stock, which pays a variable dividend.
Strive debuted as an official bitcoin treasury last year and is now the fourth biggest company in the space.
Founded by former Ohio gubernatorial candidate and tech entrepreneur Vivek Ramaswamy, the company holds 36,818 BTC worth over $3 billion at today’s prices. The company on Monday announced another bitcoin buy of 4,045 BTC between October 12 and 16.
In January 2026, it completed the acquisition of Semler Scientific in an all-stock deal — the first instance of a publicly traded Bitcoin treasury company acquiring another such company.
Like with other digital asset treasuries, the idea is that investors can get amplified returns from Strive’s stock. The company buys bitcoin with equity, and maintains a debt-free balance sheet: no bonds, no credit lines, and no leveraged positions that could trigger forced liquidation in a downturn.
Strive is following in the footsteps of software company Strategy, which started buying bitcoin in 2020. Strategy is now the largest corporate holder of bitcoin, with 848,517 coins worth over $60 billion.
Asanat Analysis — Why it matters
Bitcoin Treasury Strive's launch of SATS preferred stock signals institutional appetite for yield-bearing Bitcoin exposure within traditional market infrastructure. A 15% dividend on a preferred security—structured debt-like instrument ranking senior to common equity—suggests either aggressive asset monetization or market expectations of sustained Bitcoin appreciation funding distributions. Nasdaq listing indicates regulatory comfort with crypto-adjacent securities, though preferred stocks carry liquidation priority risk if underlying Bitcoin holdings underperform.
This move reflects the maturing infrastructure around Bitcoin corporate treasuries, a trend popularized by MicroStrategy and followed by companies seeking portfolio diversification. Preferred stock issuance is cheaper than debt for capital raises (no interest deduction required) but dilutes common equity claims. The 15% coupon is material against current risk-free rates, implying market pricing of either elevated Bitcoin volatility or Strive's operational leverage. Watch whether adoption pressures other Bitcoin treasury managers toward similar capital structures, potentially fragmenting yield-seeking demand across multiple issuers.