Strive offers 16.7% cash yield on Bitcoin-linked preferred stock priced at $90 per share

Strive priced seven million shares of its SATS preferred stock at $90 each on Oct. 15, offering a $15 annual dividend that implies a 16.7% cash yield. The $100 stated amount and preferred stock structure provide contractual payment rights senior to common shareholders, but the perpetual nature of the instrument means investors face resale price risk, with market value fluctuating based on buyer demand and company financials rather than a guaranteed $100 exit price.