Strive upsizes SATS IPO to $630M to fund more Bitcoin purchases
- —IPO upsized by 2 million shares to 7 million, gross proceeds about $630 million
- —SATS pays 15.00% annual dividends on a $100 stated amount, starting November 9, 2026
- —Dividend reserve to be topped up for the first 18 months at $22.50 per share
- —Proceeds to fund Bitcoin purchases, working capital and Class A buybacks
Why it matters: Strive keeps expanding its Bitcoin treasury via preferred equity, lifting BTC per share and its market influence.
Source: The Crypto Times