Bitcoin treasury company Strive launched its preferred stock SATS on the Nasdaq on Tuesday. The upsized IPO comprised 7 million shares priced at $90 each, raising $630 million. The stock will pay a 15% dividend every business day. Founded by entrepreneur Vivek Ramaswamy, Strive holds 36,818 BTC worth over $3 billion, making it the fourth largest corporate bitcoin holder. Last week, the company announced the acquisition of Semler Scientific in an all-stock deal.
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