Strive Prices SATS Preferred Stock IPO at $90, Aims to Raise $630M for Bitcoin
Photo: TheCoinrise
The bitcoin treasury firm's new share offering comes as its holdings climb to 35,595 BTC and analysts lift price targets. Strive has priced its SATS preferred stock initial public offering at $90 per share, according to CoinGape. The company is targeting approximately $630 million in gross proceeds from the sale. Strive has said the funds raised will go toward additional bitcoin purchases, continuing its strategy of building a corporate treasury anchored in the cryptocurrency. The preferred stock structure gives Strive a capital-raising tool distinct from common equity or debt.
Source: TheCoinrise
