Bitcoin treasury company Strive said it will expand the planned initial public offering of its SATS perpetual preferred stock to $700 million, with the shares priced at $90 each, according to a BlockBeats report dated Oct. 16, 2026.
SATS offering terms
The report said SATS will carry a fixed 15% annual dividend calculated on a $100 stated amount per share. The dividend is cumulative, meaning unpaid amounts accrue, and is paid daily, according to the same report.
The source did not provide an offering document or details on the IPO timetable. The figures and terms above are presented as reported by BlockBeats.
Source: BlockBeats flash.