FINNENCE ▪ THE WIRE FILE
THE WIRE · № 78689
News▲ Bullish
Strive raising $500 million to buy additional bitcoin with new preferred share class
KINDNews
DIRECTION▲ Bullish
SOURCES1
ENTITIES3
STORY SIZESTANDALONE
FIRST SEEN
LAST UPDATE
STATEactive
01 THE MACHINE READ
WHY IT MATTERS.
New preferred shares fund fresh BTC purchases, adding corporate demand without selling common equity.
Another leveraged corporate buyer adds bitcoin demand
CATALYST TO WATCH
Closing of the $500M preferred offering
MAIN RISK
Junior preferred stacks risk above existing SATA
FULL DISPATCH
SATS will offer a fixed 15% dividend yield at par and be junior to the company's existing SATA, which pays a variable rate (currently 13%).
02 THE STORY SO FAR
THE RECORD, IN ORDER.
STANDALONE ITEM — NOT YET FOLDED INTO A DEVELOPING STORY.
03 WHO'S INVOLVED
ENTITIES ON FILE.
04 RECEIPTS
THE SOURCE RECORD.
1 SOURCES CONFIRMED05 PROPAGATION
WHAT THIS TOUCHES.
→CORRELATIONshares Crypto
Papertrade (@papertrade_xyz)'s revenue has far surpassed Hyperliquid's, and it now ranks third with $6.01M in 24H revenue. Interestingly, papertrade's daily trading volume reached a staggering $910B, with $28.4B in liquidation volume.2026-10-13 12:57 UTC
Papertrade (@papertrade_xyz)'s revenue has far surpassed Hyperliquid's, and it now ranks third with $6.01M in 24H revenue. Interestingly, papertrade's daily trading volume reached a staggering $910B, with $28.4B in liquidation volume.2026-10-13 12:57 UTC
→CORRELATIONshares Bitcoin
Oct 13 Update: Bitcoin ETFs: 1D NetFlow: -788 $BTC(-$65.55M)🔴 7D NetFlow: -8,267 $BTC(-$687.28M)🔴 Ethereum ETFs: 1D NetFlow: -29,926 $ETH(-$74.79M)🔴 7D NetFlow: -217,087 $ETH(-$542.51M)🔴2026-10-13 13:32 UTC
Oct 13 Update: Bitcoin ETFs: 1D NetFlow: -788 $BTC(-$65.55M)🔴 7D NetFlow: -8,267 $BTC(-$687.28M)🔴 Ethereum ETFs: 1D NetFlow: -29,926 $ETH(-$74.79M)🔴 7D NetFlow: -217,087 $ETH(-$542.51M)🔴2026-10-13 13:32 UTC
→CORRELATIONshares Crypto
Investor demand for trading outside of regular market hours is skyrocketing. In fact, the majority of trading volume in tokenized equities is now occurring OUTSIDE of regular market hours. BNB Chain has become the first blockchain with over 70% of its tokenized equity trading v2026-10-13 13:41 UTC
Investor demand for trading outside of regular market hours is skyrocketing. In fact, the majority of trading volume in tokenized equities is now occurring OUTSIDE of regular market hours. BNB Chain has become the first blockchain with over 70% of its tokenized equity trading v2026-10-13 13:41 UTC
→CORRELATIONshares Crypto
Trader 0x26b6 lost $637K on @papertrade_xyz. He lost $1.71M from trading and earned 136M $PAPER tokens. He earned $1.07M in USDC rewards through staking, with $943K already claimed and $130K still unclaimed. His net loss is $637K.2026-10-13 14:14 UTC
Trader 0x26b6 lost $637K on @papertrade_xyz. He lost $1.71M from trading and earned 136M $PAPER tokens. He earned $1.07M in USDC rewards through staking, with $943K already claimed and $130K still unclaimed. His net loss is $637K.2026-10-13 14:14 UTC
→CORRELATIONshares Crypto
🚨 🚨 🚨 🚨 30,021 $ETH (75,575,184 USD) transferred from Coinbase Institutional to unknown new wallet2026-10-13 16:33 UTC
🚨 🚨 🚨 🚨 30,021 $ETH (75,575,184 USD) transferred from Coinbase Institutional to unknown new wallet2026-10-13 16:33 UTC
KEEP READING THE MACHINE
Summaries are generated and may contain errors — every claim links its sources.