Strive Closes $630 Million SATS Preferred Stock IPO
Strive raised $630 million gross in its upsized initial public offering of SATS preferred stock. The company has not specified how much of the proceeds it will use to buy Bitcoin.
Strive, the Bitcoin treasury company led by chairman and CEO Matt Cole, closed its upsized initial public offering of SATS preferred stock on Oct. 20, raising $630 million gross, according to the company’s announcement.The company has not specified how much of the proceeds it will use to buy Bitcoi…