Saturn participates in Strive SATS preferred stock IPO with its own funds.

October 21: Ellis Osborn, co-founder of DeFi digital credit protocol Saturn, tweeted that Saturn has used its own funds to participate in the SATS preferred stock IPO of Bitcoin treasury company Strive. This participation does not affect USDat, sUSDat, or Saturn's existing products and holders. Ellis Osborn stated that Saturn will explore offering similar SATS instruments to its global investors in the future.

Earlier news: Strive issued SATS, a 15% annual fixed-rate cumulative perpetual preferred stock, with dividends paid every business day, ranking junior to Strive's floating-rate preferred stock SATA and senior to common stock ASST. Strive issued 7 million SATS shares at $90 per share, raising approximately $630 million in total, and the settlement was completed on October 20.