🚨 BREAKING NEWS: Strive closes $630M SATS IPO, leaves Bitcoin allocation unspecified
The Bitcoin treasury company could acquire an estimated 7,372 BTC with its net proceeds, potentially surpassing Metaplanet’s holdings if it allocates the full amount.
Strive, the Bitcoin treasury company led by chairman and CEO Matt Cole, closed its upsized initial public offering of SATS preferred stock on Oct. 20, raising $630 million gross, according to the company’sannouncement.
Strive sold 7 million shares at $90 each. The company estimated netproceedsof $608.15 million after underwriting discounts, commissions and expenses, according to BitcoinTreasuries.net. In an SECfiling, Strive said it intended to use the funds for general corporate purposes, including Bitcoin purchases, working capital, income-generating assets, capital expenditures, share repurchases and acquisitions.
SATS carry a 15% annual dividend on its $100 stated amount, equivalent to $15 per share annually if paid in full. Dividends are cumulative and payable when declared by Strive’s board. At the $90 IPO price, the stated dividend represents an annualized amount equal to 16.67% of the purchase price.
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📰 Nguồn: 🪙 CoinTelegraph
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The Bitcoin treasury company could acquire an estimated 7,372 BTC with its net proceeds, potentially surpassing Metaplanet’s holdings if it allocates the full amount.
Strive, the Bitcoin treasury company led by chairman and CEO Matt Cole, closed its upsized initial public offering of SATS preferred stock on Oct. 20, raising $630 million gross, according to the company’sannouncement.
Strive sold 7 million shares at $90 each. The company estimated netproceedsof $608.15 million after underwriting discounts, commissions and expenses, according to BitcoinTreasuries.net. In an SECfiling, Strive said it intended to use the funds for general corporate purposes, including Bitcoin purchases, working capital, income-generating assets, capital expenditures, share repurchases and acquisitions.
SATS carry a 15% annual dividend on its $100 stated amount, equivalent to $15 per share annually if paid in full. Dividends are cumulative and payable when declared by Strive’s board. At the $90 IPO price, the stated dividend represents an annualized amount equal to 16.67% of the purchase price.
🔗 [Đọc toàn bộ bài viết tại bản gốc](https://cointelegraph.com/news/strive-closes-630m-sats-ipo-leaves-bitcoin-allocation-unspecified?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound)
📰 Nguồn: 🪙 CoinTelegraph
$BTC $ETH #BinanceSquare #CryptoNews