--- title: "Strive lists SATS preferred stock on Nasdaq with 15% dividend" description: "Bitcoin treasury company Strive said its second preferred stock, SATS, began trading on the Nasdaq and will pay a 15% dividend every business day, according to Bitcoin Magazine. Strive said it closed an upsized initial public offering of 7,000,000 SATS shares at $90 per share. CEO Matt Cole called…" language: en canonical: "https://whycoinmoves.com/en/events/bitcoin-bitcoin-treasury-strive-debuts-new-5e9d0b44131298" published: 2026-10-20T20:17:05.000Z updated: 2026-10-21T20:18:01.000Z indexable: false --- # Strive lists SATS preferred stock on Nasdaq with 15% dividend Bitcoin treasury company Strive said its second preferred stock, SATS, began trading on the Nasdaq and will pay a 15% dividend every business day, according to Bitcoin Magazine. Strive said it closed an upsized initial public offering of 7,000,000 SATS shares at $90 per share. CEO Matt Cole called… Attributed sources: [Bitcoin Magazine]() ## Key facts Bitcoin treasury company Strive said its second preferred stock, SATS, began trading on the Nasdaq and will pay a 15% dividend every business day, according to Bitcoin Magazine. Strive said it closed an upsized initial public offering of 7,000,000 SATS shares at $90 per share. CEO Matt Cole called the listing a milestone for long-term total returns. The company holds 36,818 BTC, and its common stock ASST traded 4% higher, the report said. Evidence strength: Single source, 1 publisher group(s) (Bitcoin Magazine); this describes source coverage, not truth or causation. After site detection, observed returns were 5 minutes: -0.02% (20/10/2026, 20:17 → 20/10/2026, 20:22, UTC; Gate · USDT); 1 hour: +0.47% (20/10/2026, 20:17 → 20/10/2026, 21:17, UTC; Gate · USDT); 24 hours: +2.36% (20/10/2026, 20:17 → 21/10/2026, 20:17, UTC; Gate · USDT). Unlisted windows are unavailable. In the preceding 30 days, the 99th percentile of absolute hourly returns was 1.23% (OKX · USDT; cutoff 20/10/2026, 20:17, UTC). This hourly baseline is not directly comparable with a minute move. ## Returns after site detection | Window | Return | BTC | Difference from BTC | Actual sampled interval (UTC) | Source | | --- | --- | --- | --- | --- | --- | | 5 minutes | -0.02% | -0.02% | 0.00 pp | 20/10/2026, 20:17 → 20/10/2026, 20:22 | Gate · USDT | | 1 hour | +0.47% | +0.47% | 0.00 pp | 20/10/2026, 20:17 → 20/10/2026, 21:17 | Gate · USDT | | 24 hours | +2.36% | +2.36% | 0.00 pp | 20/10/2026, 20:17 → 21/10/2026, 20:17 | Gate · USDT | ## Historical hourly baseline | Metric | Value | | --- | --- | | Ready | true | | Coverage | 100.0% (720/720) | | Median absolute hourly return | 0.15% | | 99th percentile of absolute hourly returns | 1.23% | | BTC beta | 1.00 | | Source / cutoff (UTC) | OKX · USDT / 20/10/2026, 20:17 | ## Claims and open questions - Strive said it closed an upsized IPO of 7,000,000 SATS shares at a public offering price of $90 per share, Bitcoin Magazine reported. - According to the report, SATS will pay a 15% dividend every business day, while Strive's other preferred stock, SATA, pays a variable dividend. - Bitcoin Magazine reported that Strive holds 36,818 BTC and announced a purchase of 4,045 BTC between October 12 and 16. - Whether the 15% daily dividend is sustainable has not been detailed in an official filing or statement from Strive. - Whether Strategy's proposed daily dividends for its preferred stocks prompted Strive's structure would require confirmation from either company. ## Source evidence - [Bitcoin Treasury Strive Debuts New Preferred Stock With 15% Dividend]() — Bitcoin Magazine; published 20/10/2026, 20:13; received 20/10/2026, 20:17 (UTC). ## Recent BTC events and market reactions - [US spot bitcoin ETFs return to net outflows with $636 million withdrawn]() — Published 23/10/2026, 07:09 (UTC) · Multiple publishers (2 publishers) · Market watch · 5m -0.02% / 1h +0.13% - [Chinese court accepts prosecutors' bid to confiscate Bitcoin seized in UK]() — Published 22/10/2026, 06:24 (UTC) · Multiple publishers (3 publishers) · General news · 5m -0.02% / 1h -0.41% / 24h -0.94% - [US spot Bitcoin ETFs take in about $1.07 billion over three sessions]() — Published 22/10/2026, 04:41 (UTC) · Multiple publishers (3 publishers) · Market watch · 5m +0.05% / 1h +0.07% / 24h -1.31% - [Bitcoin slips below $82K after Tesla and Meta results unsettle tech markets]() — Published 22/10/2026, 03:51 (UTC) · Multiple publishers (2 publishers) · Market watch · 5m +0.13% / 1h +0.04% / 24h -1.04% - [Bitcoin rises above $84,500 as SpaceX earnings lift tech stocks]() — Published 21/10/2026, 15:13 (UTC) · Multiple publishers (2 publishers) · Market watch · 5m +0.15% / 1h +0.25% - [Full coin archive]() ## Research for this archive - [Altcoin beta to Bitcoin: BTC, ETH, SOL and DOGE hourly returns]() - [Perpetual funding rates and annualized yield: a 2025 comparison]() - [Bitcoin halving and bull markets: evidence from four halvings]() - [Bittensor (TAO): Bitcoin beta, volatility and the AI crypto narrative]() [Methods and limitations]() Publisher count is not independent evidence count. Price changes cannot verify news or prove causation.