Bitcoin
Strive to sell another $130M of SATS stock to buy more bitcoin
Protos·October 16, 2026·1 min read
Strive plans to raise $500 million through a Series A IPO, selling 5 million shares of perpetual preferred stock SATS at $100 each. The company intends to use proceeds to buy more bitcoin, with an additional $130 million of SATS stock sale announced. The move underscores Strive's bitcoin accumulation strategy.
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