Strive Plans IPO Of 5 Mln Shares Of 15% SATS Preferred Stock

Strive, Inc. (NASDAQ: ASST) announced an initial public offering (IPO) of 5,000,000 shares of its new 15.00% Series A Perpetual SATS Preferred Stock. 

The shares feature a stated value of $100 per share, setting the total target capital raise at $500 million. 

The offering is structured to support the company’s dual focus on digital finance and corporate balance sheet strategy:

• Yield & Structure: The SATS preferred stock will offer a cumulative fixed annual dividend rate of 15%. SATS will sit junior to Strive’s existing outstanding preferred stock share class (SATA), which pays a variable rate currently yielding 13%. The higher 15% rate on SATS is designed to compensate investors for taking a subordinate position to SATA holders. 
• Dividend Payout & Reserves: Like its sister stock SATA, SATS is structured to distribute regular dividends on a daily basis, with the first payout period officially beginning on November 9, 2026. To secure early payouts, Strive plans to establish a dividend reserve at closing equal to the first 18 months of dividend payments ($22.50 per share) using existing cash and securities. 
• Use of Proceeds: Strive intends to deploy the net proceeds primarily toward general corporate purposes, centered heavily on the acquisition of Bitcoin (BTC) and Bitcoin-related products. Funds may also be used to buy back shares of its common stock or senior SATA preferred stock, fund working capital, or acquire other income-generating assets. 
• Underwriting: Barclays and Cantor Fitzgerald are serving as joint book-running managers for the offering, while Clear Street is acting as lead manager.

The corporate maneuver accelerates Strive's position as a major institutional holder of crypto assets. According to company disclosures from the week prior, Strive's total treasury holds 32,773 BTC (valued at roughly $2.7 billion) after aggressively expanding its position. 

An exact public trading date for Strive's SATS preferred stock has not yet been announced, as the initial public offering (IPO) proposal was just unveiled on October 13, 2026. 

However, looking at the structural dates provided in the official prospectus filings, we can estimate a tight timeline for when public trading will likely begin:

Key Timeline Indicators

• Dividend Start Date: Strive explicitly noted that regular daily dividend payments for the SATS stock are scheduled to begin on November 9, 2026. 
• The Launch Window: Since the first dividend payment accrues from the closing date of the offering, the formal IPO closing and the subsequent start of public trading on the Nasdaq will occur on or shortly before November 9, 2026. 

The standard SEC review and book-building process for preferred share classes typically takes 2 to 4 weeks from the initial filing. Once the joint bookrunners (Barclays and Cantor Fitzgerald) officially price the 5 million shares, Strive will release a final execution announcement confirming the precise morning the ticker symbol "SATS" opens for live market matching. 

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• Will this ultra-high yield pay off, or is the risk too high? Click the link below to read our full breakdown of the SATS IPO timeline, the 18-month dividend reserve, and what it means for your portfolio.