Strive preferred stock issuance could raise up to $1 billion under an at-the-market program announced on October 26, 2026. The company plans to offer its 15.00% Series A perpetual SATS preferred stock, with potential uses of proceeds including bitcoin purchases and other corporate needs.

Key Takeaways

  • The $1 billion figure is the offering ceiling, not confirmed proceeds.
  • SATS carries a fixed, cumulative annualized dividend rate of 15.00%.
  • ASST common shares fell 4.18% to $27.76 in pre-market trading following the announcement.

Strive preferred stock terms and funding status

The announced at-the-market program provides a route to raise capital rather than establishing that Strive has already received $1 billion. The supplied announcement does not specify a completed sale amount or a date by which the full offering would be sold.

Strive’s SATS dividend terms describe the security as perpetual preferred stock with a fixed, cumulative annualized dividend rate of 15.00%. That rate is distinct from its effective yield: the company defines effective yield as the annualized dividend divided by the current market price. Investors therefore should not treat the stated dividend rate as the yield available at every purchase price.

Bitcoin purchases are one of several possible uses

Strive listed bitcoin acquisitions, working capital, potential share repurchases, business acquisitions, dividend payments and debt repayment among the intended uses of capital. The announcement does not allocate specific amounts to those purposes, so the offering ceiling should not be read as a commitment to buy $1 billion of bitcoin.

The Dallas-based company operates an asset-management business alongside bitcoin treasury operations. Its Nasdaq-listed common shares, trading under ASST, declined 4.18% to $27.76 in pre-market trading following the announcement. That was a pre-market quotation, not a closing price.

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