Strive’s Bitcoin Treasury Reaches 43,000 BTC as It Files a $1 Billion SATS ATM
By Unchained
AI summary of the source article
Strive bought 6,182 bitcoin between Oct. 17 and Oct. 23 for $511.4 million, lifting its holdings to 43,000 BTC. The company also filed an at-the-market program to sell up to $1 billion of preferred stock.
Why it matters
Strive stated in the prospectus that it intends to use the net proceeds for general corporate purposes, including "the acquisition of bitcoin and bitcoin-related products," working capital, income-generating assets, buybacks, and preferred dividends.
Key facts
- Strive acquired 6,182 BTC between Oct. 17 and Oct. 23, raising its total treasury to 43,000 BTC.
- Strive filed an at-the-market program to issue up to $1 billion of its 15.00% Series A Perpetual SATS Preferred Stock.
- The total cost of Strive's 43,000 BTC stands at $3.8 billion, against a fair value of $3.5 billion as of Oct. 23.
Source excerpt · Unchained
The bitcoin treasury company bought 6,182 BTC last week for about $511.4 million and can now sell up to $1 billion more of its 15% SATS preferred stock at market prices. The post Strive’s Bitcoin Treasury Reaches 43,000 BTC as It Files a $1 Billion SATS ATM appeared first on Unchained .