# Strive Closes $630M SATS Preferred Stock Offering

> Strive completes $630 million SATS preferred stock sale with dividend rules.
- Title: Strive Closes $630M SATS Preferred Stock Offering · TokenPost
- Summary: Strive completes $630 million SATS preferred stock sale with dividend rules. Strive closed its $630 million offering of SATS preferred shares on Oct. 20…
- Keywords: strive, sats preferred shares, dividend, board declaration, cumulative dividends, preferred stock, crypto, finance, Closes, 630M, SATS, Preferred
- Source: TokenPost — https://tokenpost.com/news/business/36008
- Published: 2026-10-20T21:49:14+00:00
- Read time: 1 min
- Topics: strive, sats preferred shares, dividend, board declaration, cumulative dividends, preferred stock, crypto, finance
## Offering Details
Strive closed its $630 million SATS preferred stock offering on Oct. 20, issuing shares with cumulative dividends requiring board approval for cash payments.
## Dividend Structure
The shares accrue 15% annual dividends on a $100 stated amount, with no interest on unpaid dividends and no maturity date.
## Payment Schedule
Dividends begin accruing from Oct. 20, with regular payments starting Nov. 9, including accrued dividends from after the closing date.
## Key takeaway

Strive closed its $630 million offering of SATS preferred shares on Oct. 20, requiring board approval for cash dividends.