Strive Launches SATS Preferred Stock on Nasdaq with 15% Daily Dividend

Strive, a Bitcoin treasury company founded by Vivek Ramaswamy, debuted its SATS preferred stock on the Nasdaq on Tuesday. The offering raised $630 million from 7 million shares priced at $90 each. The stock pays a fixed 15% dividend daily. Strive holds approximately 36,818 BTC and recently acquired an additional 4,045 BTC. The company aims to maximize long-term returns for equity investors through Bitcoin and income-generating assets.