Funding
Strive Upsizes SATS IPO to $700M
Strive Inc. has upsized its $700 million IPO of Series A Perpetual SATS Preferred Stock, increasing the number of shares from 5 million to 7 million at a price of $90 per share. The IPO, priced on October 15, 2026, generated approximately $630 million in gross proceeds. The proceeds are earmarked for general corporate purposes, with Bitcoin acquisition and related products as the primary targets. This is Strive's second preferred equity offering, following the original SATA offering in November 2025. The IPO is part of Strive's strategy to finance its treasury accumulation program through preferred equity, as opposed to traditional debt instruments.