Strive upsizes SATS IPO to $700M, priced at $90 per share

The Bitcoin treasury firm raised approximately $630 million in gross proceeds by expanding its Series A preferred stock offering from 5 million to 7 million shares. Strive Inc. just pulled off one of the more notable capital raises in the Bitcoin treasury space. The company priced its 15.00% Series A Perpetual SATS Preferred Stock offering on October 15, 2026, after upsizing the deal from an initial 5 million shares to 7 million shares at $90 each, generating approximately $630 million in gross proceeds. At the $100 par value, the notional stated value of the offering clocks in at around $700 million. Settlement is expected on October 20, 2026, subject to customary closing conditions.

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