Strive raises funds through SATA issuance to buy more than 400 Bitcoin

  • Strive raised capital through SATA to purchase more than 400 additional Bitcoin.
  • Strive bought 6,106 Bitcoin at an average price of $80,375.
  • Strive held 27,462 BTC on October 1, ranking fifth among public companies globally.

Strive raised fresh capital on September 30 through the issuance of its perpetual preferred stock, SATA, to fund the purchase of more than 400 additional Bitcoin. The Bitcoin-based digital asset treasury company bought 6,106 Bitcoin between August 24 and September 25 at an average price of $80,375, bringing its holdings to 27,462 BTC as of October 1 and ranking it fifth among publicly traded companies worldwide. Bitcoin Treasuries said SATA was buying 90% of Bitcoin’s daily mining output, linking the financing strategy to newly issued supply.

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