Strive's SATS perpetual preferred stock introduces Bitcoin accretion mechanism with 15% fixed dividend

Strive's SATS perpetual preferred stock features a fixed $15 annual dividend based on a $100 stated amount, offering cumulative dividends payable at the board's discretion. The instrument allows Strive to issue equity above its stated amount, growing Net Bitcoin Per Share (Net BPS) as the $15 dividend obligation is deducted from Bitcoin holdings, effectively creating a Bitcoin accretion machine for common shareholders.