Strive’s SATS preferred stock raised $630 million in an initial public offering and began trading on Nasdaq, BlockBeats reported on Oct. 20.
Offering terms
BlockBeats said the proceeds are intended for additional Bitcoin purchases and investments in income-generating assets. The preferred stock carries a reported 15% fixed annual dividend paid daily, with the first payment planned for Nov. 9.
These terms are reported offering details; they are not a recommendation to buy the security.
Source: BlockBeats flash.