Strive’s new $500 million Bitcoin financing plan comes with a $257 million annual dividend problem

Bitcoin treasury company Strive is introducing a second preferred-stock product to accelerate Bitcoin purchases beyond the limits of its existing financing strategy. On Oct. 13, the company announced plans to offer five million shares of SATS, a perpetual preferred security with a fixed 15% annual dividend. At $100 per share, the firm would raise $500 million to support additional Bitcoin acquisitions. The launch follows the rapid expansion of Strive's existing SATA preferred stock , whose outstanding stated amount has climbed from $200 million at its November 2025 debut to approximately $1.4 billion.