Strive expands SATS IPO issuance size to $700 million at $90 per share

Bitcoin treasury company Strive announced that the scale of the perpetual preferred stock SATS IPO will be expanded to $700 million, with an issue price of $90 per share. Previously, it was reported that Strive planned to issue perpetual preferred stock SATS through an IPO. The stock carries a fixed annualized dividend of 15%: based on a par value (stated amount) of $100 per share, the dividends are cumulative (unpaid dividends will accumulate), and dividends are paid daily.