Strive prices upsized IPO of 7M shares of 15% perpetual preferred $SATS at $90 to raise $630M

Strive ($ASST) priced an upsized IPO of 7 million shares of its 15% fixed-rate perpetual preferred, $SATS, at $90 per share, raising about $630 million, with proceeds to go toward buying Bitcoin and other corporate needs. The offering is expected to add roughly 7,500 BTC, pushing holdings past 43,000.

Detected & updated continuously · Source: Nebula