Strive's preferred stock SATS listed on Nasdaq, raising $630 million in its IPO with an annual fixed dividend rate of 15%.

BlockBeats news, October 20: Strive's new preferred stock SATS has raised $630 million through its initial public offering (IPO) and listed on Nasdaq. The proceeds will be used to increase Bitcoin holdings and invest in income-generating assets.

The preferred stock offers a fixed annual dividend of 15%, paid daily, with the first dividend payment scheduled for November 9.