Strive has raised about $630 million through an upsized preferred stock IPO.
the company sold 7 million shares of its 15% SATS preferred stock at $90 each. That is more than the 5 million shares first proposed. Gross proceeds sit near $630 million before fees. Settlement is set for October 20.
the preferred pays a fixed 15% dividend on a $100 stated amount. At the $90 price that works out to an effective yield near 16.7%. It ranks below Strive’s existing SATA preferred and does not dilute common shares.
proceeds are meant for general corporate purposes, including bitcoin purchases. At current prices near $83,000 the full amount would cover roughly 7,600 additional BTC. Strive already holds 36,818 BTC.
this is fresh capital for the treasury. It is not a guarantee that every dollar goes straight into bitcoin. The next filing will show how much actually gets deployed.
the company sold 7 million shares of its 15% SATS preferred stock at $90 each. That is more than the 5 million shares first proposed. Gross proceeds sit near $630 million before fees. Settlement is set for October 20.
the preferred pays a fixed 15% dividend on a $100 stated amount. At the $90 price that works out to an effective yield near 16.7%. It ranks below Strive’s existing SATA preferred and does not dilute common shares.
proceeds are meant for general corporate purposes, including bitcoin purchases. At current prices near $83,000 the full amount would cover roughly 7,600 additional BTC. Strive already holds 36,818 BTC.
this is fresh capital for the treasury. It is not a guarantee that every dollar goes straight into bitcoin. The next filing will show how much actually gets deployed.