Bitcoin treasury company Strive announced a proposed IPO of a new "SATS" Series A Perpetual Preferred Stock, with 5M shares at $100 each and a fixed 15% dividend. The capital is aimed at funding additional BTC purchases.
• This follows $208M in warrant exercises.
• Strive said its BTC holdings already grew by over 11% in the past week.
The structure points to continued corporate demand for Bitcoin exposure through equity products.