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Strive will expand the issuance of SATS perpetual preferred shares to 7 million shares at a price of $90 per share, with an expected total proceeds of approximately $630 million. The preferred stock has an annual dividend yield of 15% and is expected to be delivered around October 20th. Strive originally planned to issue 5 million shares and raise approximately $500 million. The proceeds from the issuance will be used to purchase Bitcoin, and if all of them are used to purchase Bitcoin, Strike may become the world's second-largest publicly traded Bitcoin reserve company after Strategy.