According to PANews on October 16, citing Globenewswire, Bitcoin treasury company Strive increased the size of its SATS 15% Series A perpetual preferred stock IPO by 2 million shares to 7 million shares. The public offering price is $90 per share, for gross proceeds of approximately $630 million before underwriting discounts, commissions, and estimated offering expenses. The offering and sale are expected to close on October 20, 2026, subject to customary closing conditions. During the same news window, Bitcoin $BTC was trading at 82,096.01 USDT, up 1.10% over 24 hours. The report did not disclose plans for using the proceeds to buy Bitcoin or any changes in holdings.
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