Strive raising $500 million to buy additional bitcoin with new preferred share class

SATS will offer a fixed 15% dividend yield at par and be junior to the company's existing SATA, which pays a variable rate (currently 13%).

source https://www.coindesk.com/markets/2026/10/13/strive-to-ipo-second-preferred-share-class-as-it-looks-to-further-build-bitcoin-treasury