Strive has established a $1 billion at-the-market issuance program for its SATS preferred stock to cover general corporate needs, including Bitcoin purchases. According to a filing with the SEC, the company acquired additional Bitcoin at an average cost of about $82,732 per coin, taking its holdings to 43,000 BTC from 36,818 BTC in mid-October 2026. Its initial public offering raised approximately $630 million in gross proceeds by pricing 7 million shares at $90 each, with a fixed annual dividend of 15% on a $100 stated value. Strive set aside $22.50 per share for 18 months of dividend payments, has no minimum trading price floor, and expects the first dividend payment on November 9, 2026.
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