Strive Closes $630M SATS IPO Without Specifying Bitcoin Allocation
Edited by Steinar Vigdel Kolnes, Editor, Oslo
Strive completed its $630 million SATS IPO but has not specified how much of the proceeds it will allocate to Bitcoin.
Bitcoin treasury company Strive has completed its $630 million SATS initial public offering, leaving its planned Bitcoin allocation undisclosed.
The offering’s net proceeds could fund the purchase of an estimated 7,372 BTC if Strive directs the entire amount toward the cryptocurrency.
A purchase of that size could put Strive’s Bitcoin holdings ahead of Metaplanet’s, though that scenario depends on how the company deploys the funds.
Source: Cointelegraph
