Strive Expands SATS Preferred-Stock IPO to $700 Million

Strive has increased the planned size of its SATS preferred-stock initial public offering to $700 million, with shares priced at $90 each. The financing is tied to the company’s Bitcoin (BTC) treasury strategy, linking the expanded stock offering to its crypto-related financing. The update sets out two terms: the offering’s size and the price for each share. The $700 million figure describes the planned scale of the financing, while $90 is the stated price for one SATS share. Those figures describe separate parts of the preferred-stock offering. SATS is the preferred stock named in the IPO, while Bitcoin is the asset connected to Strive’s treasury strategy. The announcement concerns an equity raise associated with Bitcoin.

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