Strive's SATS preferred stock, paying a 15% daily dividend, started trading on Nasdaq after an upsized IPO of 7 million shares at $90 each.
Strive's preferred stock, SATS, has begun trading on the Nasdaq exchange, the company said.
The shares started trading on Tuesday and carry a 15% dividend that is paid each business day, per the announcement.
Strive, already listed on the Nasdaq, disclosed that it completed an upsized initial public offering of 7 million SATS shares at $90 apiece.
The move comes amid efforts by public companies to financialize bitcoin through various instruments. Strategy, the original bitcoin treasury firm that offers five preferred stocks, last month proposed daily dividends for its products.
“The successful, upsized IPO of SATS marks a critical milestone in our strategy to maximize long-term total returns for our common equity investors,” Matt Cole, Chairman and CEO of Strive, said in a statement.
Strive also offers another preferred stock called SATA, which carries a variable dividend.
The company became an official bitcoin treasury in 2025 and ranks as the fourth-largest firm in the sector.
Strive was founded by Vivek Ramaswamy, a former Ohio gubernatorial candidate and tech entrepreneur. It currently holds 36,818 bitcoin, valued at over $3 billion at current rates. On Monday, the company disclosed an additional purchase of 4,045 bitcoin acquired between October 12 and 16.
In January 2026, Strive finished acquiring Semler Scientific through an all-stock transaction, marking the first time a publicly traded bitcoin treasury company bought another such company.
As with other digital-asset treasuries, the goal is for investors to achieve amplified returns from Strive's shares. The firm uses equity to purchase bitcoin and keeps a balance sheet free of debt, with no bonds, credit lines, or leveraged positions that could lead to forced liquidation during a downturn.
Strive's approach mirrors that of software firm Strategy, which began accumulating bitcoin in 2020. Strategy is now the biggest corporate bitcoin holder, with 848,517 coins valued at more than $60 billion.
Strategy's five preferred stocks trade under the tickers STRF, STRC, STRK, STRD, and STRE.
Strive's own common stock, listed as ASST, rose 4% on Tuesday.
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Disclaimer: this article comes from third-party media and is provided for reference only. It does not constitute investment advice. Crypto and other financial products carry significant price volatility risk, so please make your own decisions carefully.
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