Bitcoin treasury company Strive has increased the size of its SATS 15% Series A perpetual preferred stock offering by 2 million shares to a total of 7 million shares. The public offering price remains at $90 per share, with total gross proceeds now expected to reach approximately $630 million before underwriting discounts and expenses.
The issuance and sale of SATS shares is scheduled to close on October 20, 2026, subject to customary closing conditions. The upsized offering reflects expanded capital raising efforts as Strive continues to build its bitcoin treasury strategy through equity market access.
Strive Upsizes SATS Preferred Stock IPO to $630 Million
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