Summary
- An analysis found that Strive, the US asset manager and Bitcoin treasury company, may have bought about 137 Bitcoin over two days.
- BitcoinTreasuries.net reported that Strive had secured enough funding to buy 137 Bitcoin through financing tied to its perpetual preferred stock, SATA.
- Strive raised funds for Bitcoin purchases through issuance of SATA when the stock traded above $100, and it currently holds 13,768 Bitcoin.
Forecast Trend Report by Period
Strive, a US asset manager that also uses Bitcoin as a treasury asset, may have bought about 137 additional Bitcoin over two days, according to an analysis.
BitcoinTreasuries.net reported on April 24 that Strive had secured enough funding to purchase 137 Bitcoin through financing tied to its perpetual preferred stock, SATA.
SATA is a preferred share that allows the company to issue new stock when its price is above $100. Strive uses the proceeds to buy Bitcoin. With the shares trading above $100 over the past two sessions, the analysis suggests the company added to its Bitcoin holdings.
As of April 24, Strive held 13,768 Bitcoin.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
