Bitcoin Firm Strive Launches SATS Stock With 15% Dividend After Raising $630M

Strive launched a new preferred stock, SATS, paying 15% annual dividends, backed by a bitcoin treasury worth roughly $3 billion. The Dallas-based company raised $630 million by selling the shares at a discount, giving investors a potential yield approaching 17%. The move expands Strive's bitcoin-focused financial products.