Strive upsizes and closes $630M SATS preferred stock IPO

1. #0110.16
   Initial2026-10-16 06:20 · publication time

   Strive Upsizes SATS Preferred IPO to 7 Million Shares, Raising About $630 Millio

   Strive upsized its 15% Series A Perpetual SATS Preferred IPO to 7 million shares at $90 each, raising about $630 million gross, with proceeds earmarked for general corporate purposes including bitcoin and bitcoin-related products.

   Source evidence: wublockchainenglish

2. #0210.20
   Confirmation2026-10-20 14:16 · publication time

   Strive优先股SATS在纳斯达克上市，IPO募资6.3亿美元，年固定股息率达15%

   Strive's SATS preferred stock completed its $630 million IPO and began trading on Nasdaq; it pays a 15% annual fixed dividend daily, with the first dividend scheduled for November 9.

   State after update: Strive upsized its 15% Series A Perpetual SATS Preferred IPO to 7 million shares at $90 each, raising about $630 million; the preferred stock now trades on Nasdaq, pays a 15% annual fixed dividend daily with the first payment scheduled for November 9, and proceeds are earmarked for adding bitcoin and investing in income-generating assets.

   Source evidence: theblockbeats

3. #0310.20
   Resolution2026-10-20 17:40 · publication time

   Strive closes $630M SATS IPO, leaves Bitcoin allocation unspecified

   Strive closed a $630M SATS preferred stock IPO but did not specify how much of the proceeds it will allocate to Bitcoin purchases.

   Source evidence: Cointelegraph

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