Strive May Have Raised Funds to Acquire 1,192 BTC via SATA Perpetual Preferred Stock

BitcoinWorld Strive May Have Raised Funds to Acquire 1,192 BTC via SATA Perpetual Preferred Stock Strive (ASST) may have raised funds to purchase 1,192 Bitcoin this week through the issuance of its perpetual preferred stock, SATA, according to an analysis by Bitcoin Treasuries.

The move signals a renewed capacity for the asset manager to expand its digital asset treasury amid a recovering share price.

How SATA Facilitates Bitcoin Purchases SATA is a perpetual preferred stock issued by Strive, designed to provide the company with a flexible fundraising mechanism.

Crucially, SATA can issue new shares to fund Bitcoin acquisitions only when the stock trades above its $100 par value. After falling to a low of $79 in June, the share price regained the $100 threshold on Aug.