Key facts
- Strive has raised $700 million for its Bitcoin ETF.
- The company plans an IPO for its SATS preferred stock.
- The SATS preferred stock offers a 15% yield.
- Strive intends to use the SATS IPO to accrue Bitcoin.
Strive has successfully raised $700 million for its Bitcoin ETF. The company is also preparing for an Initial Public Offering (IPO) of its SATS preferred stock. This preferred stock is designed to offer investors a 15% yield, with the company intending to leverage the IPO proceeds to acquire Bitcoin.
