Strive just raised $630M through their $SATS preferred stock IPO — $608M net after fees. 7M shares at $90, 15% dividend, zero debt.
If they deploy the full amount into $BTC at current levels (~$82.5K), they'd add roughly 7,372 BTC. That would push their total from 36,818 to ~44,190 BTC — enough to flip Metaplanet.
No official word yet on exact allocation, but that's serious dry powder sitting there. Worth watching how fast they move and at what price.
If they deploy the full amount into $BTC at current levels (~$82.5K), they'd add roughly 7,372 BTC. That would push their total from 36,818 to ~44,190 BTC — enough to flip Metaplanet.
No official word yet on exact allocation, but that's serious dry powder sitting there. Worth watching how fast they move and at what price.