Strive raising $500 million to buy additional bitcoin with new preferred share class

Strive is raising $500 million through a new preferred share class, SATS, to buy additional bitcoin. The shares offer a fixed 15% dividend yield and rank junior to the existing SATA preferred, which pays a variable 13% rate. The move signals continued corporate demand for BTC and could support prices by removing supply from the market, though the relatively small size limits broader impact.