Strive Launches $500M SATS Preferred Offering with 15% Daily Dividend
ASST has more than doubled off its 52-week low of $7.02.
Summary
Strive filed an investor presentation for its $500M SATS perpetual preferred offering, paying 15% daily dividends to fund Bitcoin acquisitions and boost amplification to 60-70%.
Updates
· SEC 8-K — Strive filed an 8-K with the press release for its proposed IPO of 5,000,000 shares of 15.00% Series A Perpetual SATS Preferred Stock, with Barclays and Cantor as joint book-running managers.
Key Events · Financing and Capital Events · ASST
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$500M SATS Preferred Offering
Strive is offering 5,000,000 shares of 15.00% Series A Perpetual SATS Preferred Stock at $100 per share, raising up to $500 million before expenses.
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15% Daily Dividend Structure
SATS pays a cumulative 15% APR dividend every business day, with first payment of $0.9305 per share on November 9, 2026, and $1.25 per share monthly thereafter.
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18-Month Dividend Reserve
At closing, Strive will deposit $386M into a dividend reserve covering 18 months of SATA and SATS dividends, funded from existing cash and marketable securities.
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Amplification Target 60-70%
Post-SATS, Strive targets a pro forma amplification ratio of 60-70%, up from 52% currently, with proceeds earmarked for additional Bitcoin purchases.
Analysis · ASST · Crypto Assets
A $500 million perpetual preferred stock offering (SATS) is being launched, paying a 15% fixed dividend every business day. The capital will fund additional Bitcoin purchases, targeting a 60-70% amplification ratio. The offering adds a junior layer beneath existing SATA preferred, improving SATA's asset coverage from 2.18x to 2.54x. An 18-month dividend reserve of $386M will be funded at closing. This is a major capital raise that deepens Strive's Bitcoin treasury strategy while adding a new income-focused security to its capital structure.
How filings like this one have moved
In the 30 days to Oct 28, 2026, 36.5% of the 953 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.66%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, ASST was trading at $27.69 on NASDAQ in the Crypto Assets sector, with a market capitalization of approximately $2.8B. The 52-week trading range was $7.02 to $36.20. This filing was assessed with neutral market sentiment and an importance score of 8 out of 10.