# Strive Plans $22.50-Per-Share Dividend Reserve for SATS Stock By John Kim Canonical URL: https://www.tokenpost.com/news/business/33416 Published: 2026-10-16T18:35:10.000Z Updated: 2026-10-16T18:35:10.000Z Section: Business > The reserve equals 18 months of dividends. Strive expects about $630 million in gross proceeds from seven million shares priced at $90 each. Strive, a Bitcoin (BTC) treasury company, plans to add $22.50 for each share of its 15.00% Series A Perpetual SATS Preferred Stock to an existing dividend reserve at closing. The amount equals 18 months of dividend payments. The company later priced [its upsized offering]() at $90 per share for seven million shares, two million more than its initial plan. Strive estimates gross proceeds of about $630 million before underwriting discounts and expenses. Cumulative dividends accrue daily at an annual rate of 15% based on a $100 stated amount per share, compared with the $90 offering price. They are payable each business day beginning Nov. 9 if declared by the board. Settlement is scheduled for Tuesday, Oct. 20, subject to closing conditions. ## Links in this article - [its upsized offering](https://www.tokenpost.com/news/business/33178)