Strive SATS Preferred Stock IPO Increased to 7 Million Shares, Expected to Raise $630 Million

Strive, a Bitcoin treasury company, has expanded the IPO size of its SATS 15% Series A perpetual preferred stock by 2 million shares to 7 million shares, with a public offering price of $90 per share. The issuance and sale of SATS stock are expected to complete settlement on October 20, 2026, subject to customary closing conditions. Strive anticipates that the total proceeds from this offering, before deducting underwriting discounts, commissions, and the company's estimated issuance expenses, will be approximately $630 million.

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