Strive Buys $335M in Bitcoin, Holdings Reach 36,818 BTC
The Bitcoin treasury company funded the purchase through equity financing as its reserves climbed toward $3 billion, according to BitcoinTreasuries.net.
- Bitcoin treasury company Strive purchased 4,045 Bitcoin for approximately $335 million last week, bringing its total holdings to 36,818 BTC as it continues to expand cryptocurrency reserves through equity financing.
- To expand financing options beyond its existing SATA shares, Strive closed an upsized $630 million preferred stock offering, introducing the Perpetual SATS Preferred Stock.
- Calling the offering a "critical milestone," Strive Chairman and CEO Matt Cole highlighted that SATS carries a fixed annual dividend of 15% against a stated value of $100 per share.
- Reserves valued at approximately $3 billion make Strive the fourth-largest publicly traded corporate Bitcoin holder, ahead of MARA Holdings, while shares of Strive rose around 7.7% in late-morning trading Monday according to Yahoo Finance.
- Dividend payments are scheduled for each business day beginning November 9, subject to board approval, as Strive's October 15 SEC filing outlined plans to use proceeds for additional Bitcoin acquisitions.
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25 Articles
Strive closes $630M SATS preferred stock offering with 15% dividend
Strive has closed an upsized $630 million preferred stock offering, introducing a new fixed dividend security as the Bitcoin treasury company expands its financing options beyond its existing SATA shares. According to the company’s October 20 announcement, Strive sold 7…
Michael Saylor’s Strategy Buys Another $22,000,000 Worth of Bitcoin As Top Crypto Asset Tracks Sideways
The Bitcoin treasury firm Strategy (MSTR) has now stacked BTC for five weeks in a row, adding $22 million worth of the top crypto asset in the past seven days. Strategy says it accumulated 267 Bitcoin at an average purchase price of $82,900 per BTC, stretching its total holdings to 848,517 BTC. The firm added […]
Strive lists 15% SATS preferred after $630M IPO, funding push to No. 2 corporate bitcoin holder
Strive, Inc. (Nasdaq: ASST) has raised about $630 million by selling a new preferred stock that pays a 15% yield, The company has shared that it plans to use some of the money to buy bitcoin as it pushes to become the second-largest corporate holder of the asset. How much does SATS pay? Strive has...
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