Strive plans IPO of 5M shares of 15% perpetual preferred $SATS to raise $500M for more Bitcoin

Strive ($ASST) plans an IPO of 5 million shares of its new 15% fixed-rate perpetual preferred, $SATS, to raise $500 million to buy more Bitcoin. Jeff Walton says the company targets a 60-70% pro forma amplification ratio with the launch, the highest among Bitcoin treasury companies.

Detected & updated continuously · Source: Nebula