STRIVE UPSIZES BITCOIN PREFERRED TO $630 MILLION

Strive upsized its new SATS preferred stock offering by 2 million shares, bringing the total raise to $630 million. The preferred carries a 15% annual dividend, and Strive ($ASST) said proceeds will go toward buying more bitcoin. The company already built one of the largest corporate bitcoin treasuries using a similar preferred stock program. The new SATS shares begin trading on Nasdaq today.