[Strive Launches Up to $1 Billion SATS Preferred Stock ATM Program, with Use Included in Bitcoin Purchases] According to Foresight News, citing SEC filings, Bitcoin treasury firm Strive signed sales agreements on October 26 with seven institutions, including Cantor Fitzgerald and Barclays, to sell up to $1 billion worth of 15.00% Series A perpetual SATS preferred stock (Nasdaq: SATS) from time to time through an ATM program. The preferred stock completed its IPO on October 20, with 7 million shares currently outstanding. Each share has a liquidation preference of $100 and an annualized dividend yield of 15%. Strive stated that net proceeds will be used for general corporate purposes, including purchasing Bitcoin and Bitcoin-related products, replenishing working capital, purchasing income-generating assets, and repurchasing its Class A common stock or SATA preferred stock.