Bitcoin
Strive closes $630M SATS IPO, leaves Bitcoin allocation unspecified
Cointelegraph·October 20, 2026·1 min read
Strive closed a $630 million SATS IPO, with its Bitcoin allocation unspecified. The treasury company could acquire an estimated 7,372 BTC with net proceeds, potentially surpassing Metaplanet's holdings if fully allocated. The move reflects growing institutional interest in Bitcoin as a treasury asset.
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