๐ $BTC: Strive Closes $630M Preferred Stock IPO
Strive closed its upsized initial public offering of SATS preferred stock, raising $630 million gross with net proceeds estimated at $608.15 million. An SEC filing confirms proceeds may fund corporate purposes, specifically including additional Bitcoin purchases. While the capital could theoretically secure around 7,372 $BTC , Strive has not disclosed its exact allocation target.
#BTC #CryptoTreasury
Strive closed its upsized initial public offering of SATS preferred stock, raising $630 million gross with net proceeds estimated at $608.15 million. An SEC filing confirms proceeds may fund corporate purposes, specifically including additional Bitcoin purchases. While the capital could theoretically secure around 7,372 $BTC , Strive has not disclosed its exact allocation target.
#BTC #CryptoTreasury