Bitcoin Magazine Bitcoin Treasury Strive Debuts New Preferred Stock With 15% Dividend
Bitcoin treasury Strive’s preferred stock, SATS , is now trading on the Nasdaq, according to the company.
The stock debuted Tuesday and will pay a 15% dividend every business day, according to an announcement.
Nasdaq-listed Strive said it closed its upsized initial public offering of 7,000,000 shares of SATS at a public offering price of $90 per share.
JUST IN: Strive’s 'SATS' has officially IPO’d on the Nasdaq, and is raising $630 million to buy more Bitcoin and income-generating assets pic.twitter.com/IxqeUENary
It comes as public companies work to financialize bitcoin via different products. OG bitcoin treasury Strategy, which has five different preferred stocks, proposed daily dividends for its products last month.
Source: Bitcoin Magazine
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