Strive Wants $500 Million at 15% to Buy More Bitcoin. Here's Who Gets Paid First
BTC when published $81,334Now $80,568 ▼ −0.94% since it was published
Strive SATS is a new preferred stock paying 15% a year, raised to buy more bitcoin for a company that already holds 32,773 BTC. You'd get paid every business day, but you'd stand behind Strive's older SATA shares in line. You'll see how the payout works and what could break it. Strive, the bitcoin treasury company led by Matt Cole, is selling a brand-new preferred stock called SATS that pays 15% a year, every business day, to fund more bitcoin buying. It’s one of the highest fixed payouts any bitcoin company has offered, and it lands the same week Strive bought 13 times more bitcoin than Strategy, the company that invented this playbook.
First reported by Memeburn. This page is a short excerpt; the full text is theirs.
