Strive closes $630M SATS IPO, leaves Bitcoin allocation unspecified
Summary
Strive has successfully finalized its SATS initial public offering, raising six hundred thirty million dollars. The company has not yet clarified how much of this capital will be directed toward purchasing Bitcoin. If the entire net proceeds are used for cryptocurrency acquisitions, holdings could exceed those currently held by Metaplanet.
The Bitcoin treasury company could acquire an estimated 7,372 BTC with its net proceeds, potentially surpassing Metaplanet’s holdings if it allocates the full amount.
Source: Read the full story at Cointelegraph.com News
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