crypto
Strive Raises $86M via SATA for Bitcoin Treasury Purchases
Strive has reportedly raised $85.88 million through SATA preferred stock sales, enabling the purchase of approximately 1,002 Bitcoin for its treasury.
Strive, a company focused on Bitcoin treasury holdings, has reportedly raised an estimated $85.88 million through sales of its SATA preferred stock. According to Crypto.news, this capital was generated over three trading sessions and is sufficient to acquire approximately 1,002 Bitcoin, based on prices recorded by BitcoinTreasuries.net.
The BitcoinTreasuries.net SATA tracker provides estimates on the number of shares Strive issues through its preferred stock. This fundraising effort highlights continued activity in the sector of companies accumulating Bitcoin for their corporate treasuries.
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