Strive prices upsized SATS preferred stock IPO at $630 million
ASST•Strive priced an offering of 7 million shares of 15% Series A Perpetual SATS Preferred Stock at $90 per share, for expected gross proceeds of approximately $630 million.
1. Offering details
The October 15, 2026, offering was upsized by 2 million shares, and settlement is scheduled for October 20. Strive plans to use net proceeds for general corporate purposes, including bitcoin-related investments, business expansion and potential share repurchases.
