Strive buys 3,311 Bitcoin for $280 million, announces $500 million SATS preferred stock IPO
Bitcoin treasury company Strive purchased 3,311 BTC for approximately $280 million between October 5-9 and announced a proposed IPO of Series A Perpetual Preferred Stock under ticker SATS with a 15% fixed dividend to raise up to $500 million for additional Bitcoin acquisitions.
