Strive completes $630M SATS IPO but does not say how much will go to Bitcoin
🤖 AI-generated content — The title and summary were produced automatically by artificial intelligence, without human editorial review.
Strive, the Bitcoin treasury company led by chairman and CEO Matt Cole, closed an upsized Oct. 20 IPO of SATS preferred stock, raising $630 million gross from 7 million shares at $90. It has not specified how much of the estimated $608.15 million net proceeds will buy Bitcoin. At an illustrative $82,500 per BTC, full allocation could purchase about 7,372 BTC, lifting reported holdings from 36,818 to roughly 44,190 and potentially surpassing Metaplanet.
Continue in the app — vote & join in ➔Source: Cointelegraph · via ahirlevel.hu