Strive completed its SATS preferred stock offering and began Nasdaq trading on October 20, raising $630 million gross; about $608 million net was reported as available for Bitcoin purchases and other uses. Its Bitcoin allocation and any purchase funded by the IPO remain unspecified in the available reports.

$ASSTOct 20, 2026, 18:36 UTC

Strive sold 7 million shares at $90 each. SATS carries a 15% annualized cumulative dividend on a $100 stated amount, payable on business days when declared by the board. The first payment was scheduled for November 9, including accruals from the October 20 closing. Strive’s listing announcement SEC filing

Before the offering, Strive reported 36,818 BTC as of October 16. Cointelegraph estimated that allocating all $608 million net proceeds to Bitcoin could buy about 7,372 BTC before fees, bringing holdings to roughly 44,190 BTC. That is a hypothetical calculation, not a disclosed plan or completed purchase. Cointelegraph · Strive’s October 19 report

The available reports do not name a specific Bitcoin allocation or confirm an IPO-funded purchase.

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$ASSTStrive, Inc.

Answered Oct 20, 2026, 18:36 UTC

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The supplied posts and same-day reporting say the $630 million SATS offering closed on October 20, while the earlier SEC filing said it was still awaiting settlement. These reads will confirm the closing terms and determine whether Strive has disclosed a BTC allocation or a completed purchase since then.
The earlier results say SATS began trading on Nasdaq October 20, with a 15% annualized dividend and first payment scheduled for November 9, subject to board declaration. Cointelegraph reports a $630 million closing and estimated $608 million net proceeds, but says the BTC allocation was unspecified; the SEC filing can confirm Strive’s final terms and stated use of the proceeds.
The filing fetch returned only boilerplate, so these reads target the underlying SEC document, Strive’s listing announcement, and independent same-day reporting to establish the final proceeds and whether any Bitcoin purchase or allocation was actually announced.
The reads confirm SATS began trading on Nasdaq on October 20, after Strive closed the offering. The $630 million gross raise produced an estimated $608 million net, but a specific Bitcoin allocation or post-closing purchase is not established.