Strive Eyes About $630 Million in Upsized Sale of a New Fixed-Rate Preferred Stock

Strive priced 7 million shares of its 15% SATS preferred stock at $90, upsizing the sale by 2 million shares and targeting about $630 million. The price sits below the $100 stated amount on which dividends are based. The bitcoin treasury company's offering expands its capital raise amid growing institutional interest.