On October 20, Strive's new preferred shares $SATS completed its IPO, raising $630 million and listing on Nasdaq. The funds raised will be used to increase Bitcoin holdings and acquire cash-generating income-producing assets. SATS is a perpetual cumulative preferred stock with a fixed annual dividend rate of 15%, distributing dividends daily on trading days; the first dividend payment date is set for November 9, 2026, with the record date on November 6. In terms of liquidation preference, SATS ranks below the previously issued SATA and above the common stock ASST.
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Strive's SATS Preferred Shares Complete $630 Million IPO on Nasdaq
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Reuters: ByteDance, Alibaba, and Tencent Order Over $35 Billion in Nvidia Chips
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JPMorgan Includes BTC in Long-Term Capital Assumption Report, Predicts It Will Be the Best Performing Asset Over the Next Decade
On October 20, JPMorgan included Bitcoin (BTC) in its latest long-term capital assumption report for the first time. The report, which outlines long-term capital assumptions for 2027, explores the predicted range of BTC returns. JPMorgan forecasts the 10-year annualized returns for Bitcoin under baseline, bullish, and bearish scenarios to be 10.0%, -11.2%, and 16.6%, respectively. Due to Bitcoin's historically unstable correlation with other assets and its extremely high volatility, JPMorgan did not include Bitcoin in the main covariance matrix but instead incorporated it into a simplified independent version. The matrix data shows that Bitcoin's 10-year annualized return baseline is a compound return rate of 10.0%, an arithmetic return rate of 20.9%, and an annualized volatility of 55.0%. BTC is projected to outperform core dollar assets such as cash, diversified bonds, and large-cap stocks, making it the best-performing asset over the next decade. -
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BTC Surpasses $82,000
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