Strive SATS: $105M/yr dividends = ~1,280 BTC/yr; bitcoin must rise ~17%/yr to cover it
Strive (ASST), a bitcoin treasury company, priced 7 million shares of its 15% perpetual SATS preferred stock at $90 on Thursday, raising ~$630M to buy bitcoin.
The 15% is on a $100 stated amount: $15 a share, $105M a year. At ~$82K that's ~1,280 BTC a year. On ~7,500 BTC bought, bitcoin must rise ~17% a year just to cover the dividend.
Sources: @ColeMacro: Strive announces upsized IPO of $SATS to $700M notional, priced at $90 per share · @ZynxBTC: upsizing SATS to 7 million shares at $90, around 7,500 Bitcoin added, holdings cross 43,000
Not financial advice. For informational and educational purposes only.
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