Strive’s newly IPO’d SATS perpetual preferred stock introduces an interesting opportunity: the company could potentially issue preferred equity above its $100 stated amount and grow Net Bitcoin Per Share (Net BPS) in each issuance round, subject to risks and parameters described below. 

This article discusses how and why it works. The key question is whether SATS will trade above $100. Its unusually high 15% fixed dividend makes that outcome, and the subsequent accretion, plausible.

Why SATS could trade above par

SATS carries a fixed annual dividend of $15 per share, based on its $100 stated amount and its 15% number. It ranks junior to Strive’s SATA preferred stock,…

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J.P. Morgan just named Bitcoin the best-performing asset in its long-term outlook. In its 2027 Long-Term Capital Market Assumptions, J.P. Morgan Asset Management projects Bitcoin outperforming large-cap stocks, gold, and bonds over the next decade. Grace Remington and Sean Hagan break down the 10% base case and 16% bull case, and what they could mean for Bitcoin’s price by 2036.

DISCLAIMER: The views and opinions expressed in this show are those of the participants and do not necessarily reflect the official policy or position of BTC Inc., Bitcoin Magazine, or any affiliated entities. This content is provided for informational and educational purposes only and should not be…

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With the midterms just weeks away, how much political support does crypto really have? Blockchain.com Co-CEO Lane Kasselman says the digital asset sector has the most bipartisan support it’s ever had in Congress, and it’s only growing. He explains why the industry should keep its momentum no matter which party leads, even with the CLARITY Act stalled. Kasselman also breaks down Blockchain.com’s new options trading launch.

Chapters:00:00 Blockchain.com Launches Options Trading00:48 Is Crypto Bipartisan Heading Into the Midterms?01:57 The CLARITY Act Stall and 30+ SEC and CFTC Rulemakings03:08 The State-by-State Money Transmitter License Problem04:05 How Institutions Took Over…

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Are Bitcoin treasury companies being overlooked? JAN3 CEO Samson Mow says a lot of them, especially Strategy (MSTR), are massively undervalued right now. He explains why treasury companies act as Bitcoin’s buyer of last resort, buying no matter what and creating a self-reinforcing cycle that should push the price higher over time. Mow also shares why the best time to launch a Bitcoin treasury company or Bitcoin bond is when the price is low, and how sovereigns looking to Bitcoin are adding to a worldwide race for a finite asset

Chapters:00:00 Samson Mow on Whether Bitcoin’s Four-Year Cycle Is Dead01:46 What Could Trigger Bitcoin’s Next Major Rally03:01 Why AI Companies Will…

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While CCC high-yield credit spreads were blowing out, Strive still raised $700 million for Bitcoin. Jeff Walton, Chief Risk Officer at Strive, explains what that tells us about the growing market for Bitcoin-backed preferred equity. He discusses Strategy’s daily dividend vote, the future of rated capital, and why he believes that’s where the next trillion dollars comes from.

Chapters:00:00 Strive Raises $700M in SATS Preferred Stock IPO02:11 Behind the Scenes of the Upsized SATS Offering05:03 How High Can Strive Take Its Amplification Ratio?07:01 SATS vs. SATA: A New Tool for Raising Capital08:36 Strive’s 18-Month Dividend Reserve Explained11:13 Surviving the Longest Bitcoin…

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The Office of the Comptroller of the Currency on Wednesday finalized its rules implementing the GENIUS Act, becoming the first federal regulator to complete the stablecoin framework Congress passed in July 2025. The rule takes effect January 18, 2027.

The rules set federal standards for payment stablecoin issuers covering reserve backing, redemptions, capital, custody, audits and risk management. It establishes a licensing and supervisory regime for national banks, their subsidiaries, nonbank companies and foreign issuers that fall under OCC jurisdiction.

“We are providing a clear, practical framework for payment stablecoin innovation, with strong standards for reserve backing,…

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The Liquid Network on Tuesday said that things were up and running again, over one month after hackers stole 4,000 bitcoin, worth about $320 million at the time, from the network’s federation wallet before returning most of it in a “white hat” operation.

Writing in a blog post, the Liquid Network said that it was entering “the final stages of recovery with enhanced security.” 

Hackers in September stole 4,000 bitcoins from the federation wallet that backs the Blockstream sidechain. Blockstream was able to negotiate to get back most of the funds. 

“The final phase of restoration involves reestablishing the network’s full 1:1 bitcoin backing, followed by the…

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Swiss financial regulator FINMA has approved the country’s first bitcoin exchange-traded fund for retail investors. 

The watchdog said Tuesday that the approval comes as people in Switzerland express a growing interest in crypto — particularly bitcoin. 

Bitcoin ETFs — particularly in the U.S. — have widened the scope of investors who can buy and sell the leading cryptocurrency. Via shares that trade on the stock exchange, investors can buy exposure to the biggest cryptocurrency in a safe and regulated way. 

“As early as 2021, FINMA authorised a fund for qualified investors that invests primarily in a basket of cryptocurrencies,” the announcement… Read more on BitcoinMagazine

Bitcoin treasury Strive’s preferred stock, SATS, is now trading on the Nasdaq, according to the company. 

The stock debuted Tuesday and will pay a 15% dividend every business day, according to an announcement. 

Nasdaq-listed Strive said it closed its upsized initial public offering of 7,000,000 shares of SATS at a public offering price of $90 per share. 

JUST IN: 🇺🇸 Strive’s ‘SATS’ has officially IPO’d on the Nasdaq, and is raising $630 million to buy more Bitcoin and income-generating assets 🚀 pic.twitter.com/IxqeUENary

— Bitcoin Magazine (@BitcoinMagazine) October 20, 2026

It comes as public companies work to financialize bitcoin via different…

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JPMorganChase’s asset management division has said that while bitcoin is still too volatile to be recommended for strategic investors’ portfolios, the cryptocurrency could outperform most asset classes over the next 10 years.

In its 2027 “Long-Term Capital Market Assumptions” report, the bank said that while volatility in the biggest cryptocurrency’s price has dampened, it is “premature to consider BTC as a diversifier in a balanced portfolio.” 

JPMorgan, one of the world’s biggest banks, has utilized Bitcoin’s underlying tech — the blockchain — to debut its own products. But the multinational’s CEO, Jamie Dimon, has long been a Bitcoin skeptic.

JUST…

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