Strive raising $500 million to buy additional bitcoin with new preferred share class

October 13, 2026

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23:23 UTC

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Target Assets:#CRYPTO

Executive AI Takeaway

Strive raising $500 million to buy additional bitcoin with new preferred share class — Market signal: NEUTRAL (medium Impact)

SATS will offer a fixed 15% dividend yield at par and be junior to the company's existing SATA, which pays a variable rate (currently 13%).

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Original report published by CoinDesk.