[Strive Expands SATS Perpetual Preferred Stock Issuance to Approximately $630 Million, Potentially Becoming the Second Largest Public Bitcoin Reserve Company] Odaily Planet Daily News: Strive has expanded the issuance scale of SATS perpetual preferred stock to 7 million shares, with an issue price of $90 per share, aiming to raise approximately $630 million in total proceeds. The annual dividend rate for the preferred stock is 15%, and the transaction is expected to be completed around October 20, depending on the issuance progress. Strive had previously planned to issue 5 million shares to raise approximately $500 million. The funds raised from this issuance will be used to purchase Bitcoin and will not dilute the equity of common shareholders as would happen with a common stock issuance. If all proceeds are used to purchase Bitcoin, Strive could potentially become the world's second-largest public Bitcoin reserve company, second only to Strategy.