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Bitcoin treasury strategy stories

Oct 13, 2026

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.

Oct 13, 2026·2 sources
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Top claims

  • ▪Bitcoin treasury company Strive announced a proposed initial public offering of 5 million Series A Perpetual Preferred shares under ticker SATS at $100 per share to raise $500 million
  • ▪Barclays and Cantor Fitzgerald will serve as joint book-running managers for Strive's proposed $500 million SATS IPO, with Clear Street and B. Riley Securities providing additional management
  • ▪Strive ranked fifth among 100 public Bitcoin treasury companies as of October 13, 2026, with total holdings of 32,773 Bitcoin

Subtopics

Bitcoin1Crypto markets1Institutional crypto adoption1Securities vs. commodities1

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