Strive closes upsized $630M SATS preferred IPO at $90/share, now listed on Nasdaq

Strive closed its upsized $630 million IPO of 15% Series A perpetual SATS preferred stock at $90 per share. The shares are now listed on the Nasdaq Global Market under the ticker 'SATS', and the firm plans to use the proceeds to buy more Bitcoin and invest in income-earning assets.

Detected & updated continuously · Source: Nebula