Strive launches $1 billion at-the-market program for SATS shares
Strive Inc has announced a $1 billion at-the-market program for its SATS shares, Reuters reports. The announcement gives no timing or terms.
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what happened
Strive Inc has announced an at-the-market (ATM) program worth $1.0 billion for its SATS shares, according to Reuters.
The announcement covers only the size of the program and the name of the securities, with no timeline or details on how the proceeds will be used.
why it matters
An at-the-market program lets an issuer sell new shares gradually at prevailing market prices through a broker, rather than in one large offering. For the market, this signals a possible increase in SATS supply, and the stock may also track the price of bitcoin, which the company is focused on.
market impact
SATS shares: possible added supply as stock is sold under the ATM program
tags
instruments
sources
- Strive Inc Announces $1.0 Billion Sats At-The-Market Program — Reuters, 26 October 2026 at 11:54 UTC
- Strive Announces $1.0 Billion Sats At-The-Market Program — Reuters, 26 October 2026 at 12:19 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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