Strive Announces Nasdaq Listing of SATS and Closing of Upsized Initial Public Offering
Key Highlights
- ➤Strive closed an upsized IPO of 7,000,000 SATS preferred shares at $90 each
- ➤SATS is expected to begin Nasdaq trading around October 20, 2026, under SATS
- ➤SATS accrues cumulative dividends at a 15.00% annual rate on $100 stated value
- ➤Regular SATS dividend dates begin November 9, 2026, if declared by Strive’s board
- ➤Strive Asset Management manages over $2.8 billion in assets
Expert Statements
Matt Cole, Chairman and CEO of Strive
“The successful, upsized IPO of SATS marks a critical milestone in our strategy to maximize long-term total returns for our common equity investors.”
Matt Cole, Chairman and CEO of Strive
“We believe maintaining a high Amplification Ratio is the most important driver of our ability to outperform Bitcoin over time.”
Matt Cole, Chairman and CEO of Strive
“SATS provides an additional tool to achieve that objective while simultaneously strengthening SATA’s credit profile by adding junior capital beneath it.”
Matt Cole, Chairman and CEO of Strive
“With two complementary income securities, SATA designed for price stability and SATS designed for income stability, we believe Strive is better positioned than ever to capitalize on Bitcoin’s long-term growth.”
Jeff Walton, Chief Risk Officer of Strive
“We believe credit risk is easiest to manage when it is transparent.”
Jeff Walton, Chief Risk Officer of Strive
“SATS and SATA holders can observe the Bitcoin balance sheet that protects their dividend in real time, priced continuously, not just four times a year.”
Jeff Walton, Chief Risk Officer of Strive
“As artificial intelligence and trading algorithms take on more portfolio-level decisions, we think our credit instruments are built for that future, interfacing with humans equipped with advanced compute.”
Jeff Walton, Chief Risk Officer of Strive
“We don’t have any debt, or maturities, and we’re focused on a single obligation, the dividend.”
Jeff Walton, Chief Risk Officer of Strive
“I believe that is what the best capital structure in the world looks like.”
Ben Werkman, Chief Investment Officer of Strive
“SATS represents the next evolution of our commitment to developing products tailored to the distinct needs of investors, introducing a fixed-rate perpetual security to our offerings.”
Ben Werkman, Chief Investment Officer of Strive
“By expanding our range of highly liquid securities, we are more precisely aligning each product with the objectives of the investors it serves.”
Ben Werkman, Chief Investment Officer of Strive
“This approach reflects our broader vision of building a differentiated family of financial securities combining thoughtful structures, institutional-grade liquidity, and an unwavering commitment to long-term value creation.”
DALLAS, Oct. 20, 2026 (GLOBE NEWSWIRE) -- Strive, Inc. (“Strive” or the “Company”) (Nasdaq: ASST), announced today the closing of its upsized initial public offering of 7,000,000 shares of Strive’s 15.00% Series A Perpetual SATS Preferred Stock (the “SATS Stock”), at a public offering price of $90 per share. The SATS Stock is expected to begin trading on the Nasdaq Global Market on or around October 20, 2026, under the ticker symbol “SATS.”
“The successful, upsized IPO of SATS marks a critical milestone in our strategy to maximize long-term total returns for our common equity investors,” said Matt Cole, Chairman and CEO of Strive. “We believe maintaining a high Amplification Ratio is the most important driver of our ability to outperform Bitcoin over time. SATS provides an additional tool to achieve that objective while simultaneously strengthening SATA’s credit profile by adding junior capital beneath it. With two complementary income securities, SATA designed for price stability and SATS designed for income stability, we believe Strive is better positioned than ever to capitalize on Bitcoin’s long-term growth.”
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