Bitcoin Treasury Strive Debuts New Preferred Stock With 15% Dividend

Bitcoin Magazine Bitcoin Treasury Strive Debuts New Preferred Stock With 15% Dividend 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. 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…

First reported by Bitcoin Magazine. This page is a short excerpt; the full text is theirs.