ASST stock rises about 6% due to new SATS NASDAQ listing
2026-10-22 15:26:20
CoinMeta Data: ASST's stock rose by about 6% after its listing on the new SATS NASDAQ. The company completed a capital increase IPO, raising $630 million to purchase Bitcoin and revenue-generating assets. This transaction introduced a second type of preferred security with different dividend terms and an independent status within the company's capital structure. According to the recent issuance, Bitcoin Treasury Company sold 7 million shares of the 15.00% Series A perpetual SATS preferred stocks, which were purchased by investors at $90 per share, while the stated value of these securities is $100. The company announced the completion of the transaction and plans to begin trading on the NASDAQ Global Market around October 20, 2026. ASST's stock reached $27.05 during the trading, up $1.51 from the previous trading day.
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Source:The Coin Republic
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