Strive Launches $1B ATM Program for SATS Preferred Shares, May Fund Bitcoin Purchases According to SEC filings, Strive has entered into a market sale agreement with Cantor Fitzgerald, Barclays and five other firms to sell up to $1 billion of its Series A preferred shares, SATS. The shares carry an annual cumulative dividend rate of 15% based on a liquidation preference of $100. Steve said the net proceeds may be used for general corporate purposes, including bitcoin purchases, working capital, income-producing investments and repurchases of common or preferred stock. - Link.

Strive Launches $1B ATM Program for SATS Preferred Shares, May Fund Bitcoin Purchases According to SEC filings, Strive has entered into a market sale agreement with Cantor Fitzgerald, Barclays and five other firms to sell up to $1 billion of its Series A preferred shares, SATS. The shares carry an annual cumulative dividend rate of 15% based on a liquidation preference of $100. Steve said the net proceeds may be used for general corporate purposes, including bitcoin purchases, working capital, income-producing investments and repurchases of common or preferred stock. - Link.