Strive Aims to Sell $130M in SATS Stock to Expand Bitcoin Holdings
Strive seeks to raise $500M through a Series A IPO to increase its bitcoin investment.
Strive seeks to raise $500M through a Series A IPO to increase its bitcoin investment. Bitcoin (BTC) is trading at ₹77,35,445 ($81,340.00), up 0.2% since this brief published. This is an original Token Times brief based on reporting by Protos, with live market data added, as of Fri, 16 Oct 2026 18:45:02 UTC.
This move highlights growing institutional interest in bitcoin as a long-term investment asset, with Strive's significant allocation potentially influencing other institutional players.
- Strive plans to raise $500M through a Series A IPO of SATS stock.
- The company intends to sell 5M shares at $100 each to purchase more bitcoin.
- The announcement comes amid a market environment of cautious optimism (Fear & Greed: 63).
- Strive Increases Bitcoin Holdings by 3,311 BTC Amid Warrant Exercise Deadline
- Strive Plans $630M Upsized Sale of 15% Fixed-Rate Preferred Stock
- Strive Aims to Sell $130M in SATS Stock to Expand Bitcoin Holdings — this brief
Strive has announced a plan to raise $500 million through an initial public offering (IPO) of its perpetual preferred stock, SATS. The company intends to sell 5 million shares at a price of $100 per share.
The primary purpose of this fundraising effort is to purchase more bitcoin, with the company aiming to allocate a significant portion of the raised funds to increase its bitcoin holdings.
This announcement comes at a time when the total cryptocurrency market cap stands at $2.8 trillion, with 
Bitcoin currently priced at $81,189, showing a 24-hour decrease of 1.26%.
The move by Strive reflects a broader trend of institutional interest in bitcoin, as companies seek to diversify their portfolios and hedge against inflation.
The current market sentiment, as indicated by the Fear & Greed Index at 63, suggests a state of 'Greed,' indicating a cautious optimism among investors.
Since this brief published about 47 minutes ago, Bitcoin (BTC) has moved from ₹77,21,085.27$81,189.00 to ₹77,35,445.39$81,340.00 — +0.19%.
The chart plots BTC's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from Token Times's market data (daily resolution; intraday detail builds over the first day). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
Will Bitcoin dip to $77,500 in October?
Crowd-implied probability on Polymarket, ₹9.58M 24h volume, resolves Nov 1 — snapshotted when this brief published (Oct 16 18:05 UTC). A market price reflects what traders collectively expect; it is not a forecast by Token Times and will have moved since. View the market ↗
At today's peer-to-peer rate, 1 BTC ≈ ₹8.40M (about $81,340.00), down 1.2% over 24 hours. The rupee itself trades about 8.6% above the official rate on the P2P market, so a Indian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
Figures and sectors in this story, checked live against on-chain aggregators · October 16, 2026.
Token Times reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
Strive Aims to Sell $130M in SATS Stock to Expand Bitcoin Ho — questions & answers
How much is Strive planning to raise through the IPO?
Strive aims to raise $500 million through the sale of 5 million shares at $100 each.
What will Strive do with the raised funds?
The company intends to use the funds to purchase more bitcoin.
What is the current market sentiment?
The Fear & Greed Index is at 63, indicating a state of 'Greed' and cautious optimism.
How much is 1 Bitcoin worth in rupee today?
About ₹8.40M at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $81,340.00. The rupee price moves with both BTC's US-dollar price and the USDT/INR rate; use our Bitcoin in rupee page for any amount.
Has Bitcoin's price moved since this brief was published?
BTC is up 0.19% since this brief first published — trading at ₹77,35,445 ($81,340.00) now versus ₹77,21,085 ($81,189.00) at publication. Token Times re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original Token Times brief that synthesises reporting from Protos. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original Token Times brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.