Strive to Raise $500M for Bitcoin Purchases via New Preferred Share Class
Strive is launching a new preferred share class offering a 15% fixed dividend to fund additional bitcoin acquisitions.
Strive is launching a new preferred share class offering a 15% fixed dividend to fund additional bitcoin acquisitions. Bitcoin (BTC) is trading at $83,228.00, down 0.1% since this brief published. This is an original TLT brief based on reporting by CoinDesk, with live market data added, as of Wed, 14 Oct 2026 01:45:02 UTC.
This move highlights growing institutional interest in bitcoin as a long-term investment asset, while also providing investors with a high-yield alternative to traditional fixed-income products.
- Strive launching new preferred share class (SATS) with 15% fixed dividend yield.
- SATS will be junior to existing SATA shares with variable 13% yield.
- Funds raised will be used to purchase additional bitcoin.
Strive is launching a new preferred share class, SATS, to raise $500 million for additional bitcoin purchases. This new share class will offer investors a fixed dividend yield of 15% at par.
The new SATS shares will be subordinate to the company's existing SATA preferred shares, which currently offer a variable dividend yield of 13%. This structure indicates Strive's confidence in its ability to generate returns from bitcoin investments.
The decision to raise funds through a new preferred share class underscores the company's commitment to bitcoin accumulation as a core strategy. It also provides investors with an alternative high-yield investment option in the current market environment.
The move comes amid a broader market recovery, with bitcoin's price up 2.26% in the last 24 hours and the overall crypto market cap reaching $2.87 trillion. The Fear & Greed Index stands at 62, indicating a 'Greed' sentiment among investors.
This development reflects the increasing institutional interest in bitcoin as a store of value and investment asset. Investors will be watching how Strive's strategy impacts its financial position and bitcoin holdings in the coming quarters.
Since this brief published about 2 hours ago, Bitcoin (BTC) has moved from $83,323.00 to $83,228.00 — -0.11%.
The chart plots BTC's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from TLT's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 BTC ≈ ₦113.84M (about $83,228.00), up 1.1% over 24 hours. The naira itself trades about 2.7% above the official rate on the P2P market, so a Nigerian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
Strive to Raise $500M for Bitcoin Purchases via New Preferre — questions & answers
What is the dividend yield for Strive's new preferred shares?
The new SATS shares will offer a fixed dividend yield of 15% at par.
How much money does Strive plan to raise?
Strive aims to raise $500 million through the new preferred share offering.
What will Strive use the raised funds for?
The funds will be used to purchase additional bitcoin.
How much is 1 Bitcoin worth in naira today?
About ₦113.84M at the live peer-to-peer (P2P) USDT rate, which is what Nigerians typically trade at — equivalent to roughly $83,228.00. The naira price moves with both BTC's US-dollar price and the USDT/NGN rate; use our Bitcoin in naira page for any amount.
Has Bitcoin's price moved since this brief was published?
BTC is down 0.11% since this brief first published — trading at $83,228.00 now versus $83,323.00 at publication. TLT re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original TLT brief that synthesises reporting from CoinDesk. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original TLT brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.