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Strive launches $500M preferred shares with 15% fixed dividend to buy more bitcoin.

Market News
13 Oct 2026
Coindesk
View Source
Bullish
Strive launches $500M preferred shares with 15% fixed dividend to buy more bitcoin.

Strive announced a new perpetual preferred stock, SATS, aiming to raise $500 million by selling 5 million shares at $100 each. The shares offer a fixed 15% dividend and are junior to the existing SATA preferred stock, which pays a variable dividend currently at 13%. Proceeds from the offering will be used to buy more bitcoin, acquire income assets, or repurchase stock. Strive recently increased its bitcoin holdings significantly, now owning about 32,773 coins worth around $2.7 billion, up from below 20,000 coins three months ago.

Bitcoin treasury news from Strive is the subject, with Pluang market data provided as context. As of Oct 14, 2026 05:41 WIB, out of 50 major cryptocurrencies priced on Pluang, 26 rose and 23 fell. Notable movers include BAT at Rp3.508 with a 26.33% increase and a Pluang order activity heavily skewed to selling at 94%, BAL at Rp16.297 up 11.14%, and EOS at Rp12.649 up 8.13%.

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