Strive Expands SATS Preferred-Stock IPO to $700 Million

Strive has increased the planned size of its SATS preferred-stock initial public offering to $700 million, with shares priced at $90 each. The financing is tied to the company’s Bitcoin (BTC) treasury strategy, linking the expanded stock offering to its crypto-related financing.

The update sets out two terms: the offering’s size and the price for each share. The $700 million figure describes the planned scale of the financing, while $90 is the stated price for one SATS share. Those figures describe separate parts of the preferred-stock offering.

SATS is the preferred stock named in the IPO, while Bitcoin is the asset connected to Strive’s treasury strategy. The announcement concerns an equity raise associated with Bitcoin. Its central change is the planned offering size, now set at $700 million, alongside the stated price of $90 per share.