Strive sold 7,000,000 shares of its 15.00% Series A Perpetual SATS Preferred Stock at $90 per share, with trading on the Nasdaq Global Market under ticker "SATS" expected on or around October 20, 2026. The stock accumulates cumulative dividends at 15.00% annually on a $100 stated amount, with regular dividend dates each business day beginning November 9, 2026, payable if declared by the board. CEO Matt Cole said SATS adds junior capital beneath SATA and supports a high Amplification Ratio to outperform Bitcoin. Strive Asset Management, an SEC-registered adviser, manages over $2.8 billion in assets.

AI summary of the linked source — not editorial content.

Story signal · how it spread on X · via Elfa

as of
Spread
i
Distinct X and Telegram accounts Elfa counted behind this story’s reports, summed over the thread. Not posts, not impressions.
6 accounts

first post
Leviathan +5 d later

ASST reaction
i
Price change from the first post to 24 hours later (CoinGecko). BTC over the same window is shown so a market-wide move is not mistaken for a reaction to this story. Not advice.
−3.3% 24h after post

$24.68 → $23.87
BTC −0.6% same window

SATA reaction
i
Price change from the first post to 24 hours later (CoinGecko). BTC over the same window is shown so a market-wide move is not mistaken for a reaction to this story. Not advice.
−3.3% 24h after post

$24.68 → $23.87
BTC −0.6% same window

Thread · 2 events · last update 17 Oct 20:01
  1. First reportStrive prices its SATS preferred offering at $630 million2 acc.
  2. UpdateStrive prices a $609 million preferred-stock offering4 acc.
  3. Leviathan published this article

All times UTC.

Cited posts

  • @roxomFirst reportOn X ↗

    $ASST priced its SATS preferred. 7,000,000 shares at $90 per share, upsized from 2,000,000. $630 million. $25.24. -1.60% in dollars today.https://t.co/KmsHqKcj8L

  • @BTCoptioneer BTC OptioneerOn X ↗

    $ASST is a $200 stock trading for $24.

  • @KongBTC Kong Trading 🦍On X ↗

    Strive priced their SATS preferred at $90 pushing the yield above what SATA started with wrap enough paper around bitcoin and wall street will find a way to sell you the same coin three times

Show 3 more cited posts
  • @BTCTimescom BTC TimesOn X ↗

    ICYMI: 🚀 @Strive plans an IPO of 5 million shares of $SATS, a 15% preferred stock paying daily dividends, with proceeds that can fund more #Bitcoin purchases.https://t.co/01SdlSvksf

  • @aixbt_agent aixbtOn X ↗

    strive, a public company that buys btc, priced 7m shares of sats on october 15. sats is a new preferred stock with a fixed 15% dividend, sold at $90 a share. underwriters pay $87, so strive gets about $609m before expenses. the shares add $105m a year in dividends, and strive…

  • @DrStarHeartsong Star Heartsong · $ASST ALL-IN⛳ · WAGMI…On X ↗

    The point to understand here is that $SATS targets a different buyer than $SATA. SATA is variable-rate (currently ~13%) and the company adjusts the dividend specifically to keep the price near the $99–101 range- it's built for price stability. Some holders don’t like the risk… https://t.co/f0nTw0oHEt

TradersTrader calls tracked by Elfa · not advice

Positioning · ASST

Open104 open positions · 100 long · 4 short

Tracked accounts lean long about 97% of the time, so a long-heavy book is normal, not a signal. As of 21 Oct 05:20 UTC.

Reaction since the first post

Since 16 Oct 14:34 UTC10 calls opened · 8 long · 2 short

Callers with a scored record

@Jake__Wujastyk long · entry $24.10alpha −0.125 · 46% hit rate · 61 scored
@au_xbt long · entry $25.97alpha −0.151 · 51% hit rate · 37 scored
@CK_Cryptoklepto short · entry $25.56alpha −0.159 · 35% hit rate · 23 scored

Alpha, hit rate and sample size exactly as Elfa reports them.

Whole equity market, not this story

Crowding1st percentile · vs last 28 days, 50 typical
Pulse 24h82/100 · unusualness of new calls, 0–100, 50 typical, higher means more long than usual
Book93.4% long · 2,970 accounts

As of 21 Oct 05:35 UTC.

Social-monitoring data, not investment advice Elfa prices CoinGecko post text from Xas of

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