Strive Inc. raised approximately $630 million by selling 7 million Series A preferred shares at $90 each, after upsizing the offering from 5 to 7 million shares, representing a 40% increase. The SATS preferred stock carries a fixed 15% cumulative annual dividend on a $100 stated value, translating to an effective yield of roughly 16.7% at the IPO price. The company held approximately 35,595 BTC as of mid-October 2026, up from 7,500 to 7,600 BTC at the end of 2025, with proceeds earmarked primarily for Bitcoin acquisition. Strive, traded on Nasdaq under the ticker ASST, positions itself as one of the most significant Bitcoin accumulators in the public markets.
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