Strive Prices $630 Million Offering of SATS Preferred Stock

04:04 AM EDT, 10/16/2026 (MT Newswires) -- Strive (ASST) has priced an upsized offering of 7 million shares of its 15% series A perpetual SATS preferred stock at $90 per share, the company said late Thursday. The offering, increased by 2 million shares from the original offering, is expected to raise $630 million in gross proceeds. The company plans to use the proceeds to fund bitcoin purchases, working capital, income-generating assets, share repurchases and potential acquisitions. The offering is set to close Oct. 20. Strive also plans to increase its dividend reserve to cover the first 18 months of payments, setting aside $22.50 per share using existing cash and securities.