Bitcoin▲ Bullish

Strive closes $630M SATS IPO; Bitcoin use of funds not yet set

TradingGain Newsroom·11d ago·20 Oct 2026, 17:40 UTC

Bitcoin treasury firm Strive has closed a $630 million SATS IPO, but it has not said how much will go into bitcoin. Based on estimates, its net proceeds could buy about 7,372 BTC. That could be enough to pass Metaplanet's holdings if the full amount goes to bitcoin.

BTCAt the time of writing, Bitcoin traded at $82,736 (+1.01% in 24h).Live price →

Why it matters

Strive could buy an estimated 7,372 BTC with its net IPO proceeds.
Putting the full amount into bitcoin would let Strive hold more than Metaplanet.
No bitcoin allocation has been specified, so the actual buying remains uncertain.

What to watch next

Watch for Strive's announcement on how much of the IPO proceeds it will put into bitcoin.

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This brief is written by TradingGain from public reporting by Cointelegraph.Read original ↗

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