[Bitcoin Treasury Company Strive Plans to Raise $500 Million, Launches Preferred Stock with 15% Annual Fixed Dividend] BlockBeats News, October 14, Bitcoin treasury company Strive (ASST) announced the launch of perpetual preferred stock SATS, planning to issue 5 million shares at $100 per share to raise $500 million. The funds raised will be used to increase Bitcoin holdings, acquire income-generating assets, or repurchase shares. SATS will offer a fixed annual dividend of 15%, paid daily, with liquidation and dividend priority ranked below Strive's existing perpetual preferred stock SATA, which currently has a dividend rate of 13%. Strive also plans to establish a dividend reserve upon completion of the issuance, equivalent to 18 months of SATS dividend payments. In terms of Bitcoin holdings, Strive increased its holdings by 3,311 BTC last week, bringing its total holdings to 32,773 BTC, valued at approximately $2.7 billion at current prices. Three months ago, the company's holdings were less than 20,000 BTC. [Original Link]