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Strive completes $630M SATS IPO but does not say how much will go to Bitcoin

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