Strive Proposes SATS Preferred Offering to Expand Bitcoin Financing

Strive proposes five million SATS preferred shares with a 15% stated dividend rate. The financing plan is not cash already raised or Bitcoin bought. Strive has proposed a new preferred-share offering that could supply capital for Bitcoin purchases while adding another dividend-bearing security to its financing structure. The company announced the plan on October 13; the announcement does not establish that the offering has priced or closed. The company release filed with the SEC proposes five million shares of its 15% Series A Perpetual SATS Preferred Stock, subject to market and other conditions. The stated amount is $100 per share.