Strive Preferred Stock SATS completes a $630 million IPO and is listed on Nasdaq, with the raised funds to be used for purchasing Bitcoin and yield-generating assets
Strive announced that its newly issued preferred stock SATS has raised $630 million through its initial public offering (IPO) and has been listed on Nasdaq. The raised funds will be used to purchase more Bitcoin and income-generating assets.
The preferred stock has a fixed annual dividend rate of 15%, paid daily, with the first dividend scheduled to be distributed on November 9.
Risk warning Risk warning
