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Strive has priced SATS preferred stock at $90 per share and plans to raise $630 million for the purchase of Bitcoin and other needs. The preferred stock has a face value of $100 and an annualized cumulative dividend of 15%, with a reserved asset value of $22.5 per share at delivery. Strike increased its holdings of 6133 bitcoins this month and currently holds 35595 BTC, ranking fourth in the Bitcoin treasury of listed companies, after Strategy, Metaplanet, and Twenty One Capital.