Strive Secures Funds to Buy More Than 400 Bitcoin Through SATA Preferred Share Sale
JOON HYOUNG LEE
Summary
- Strive raised funds through the issuance of perpetual preferred stock 'SATA' to buy more than 400 Bitcoin.
- Strive bought 6,106 Bitcoin between August 24 and September 25 at an average purchase price of $80,375.
- Strive's total Bitcoin holdings stood at 27,462 BTC, ranking fifth among publicly traded companies worldwide.
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Strive, a Bitcoin-based digital asset treasury company, has secured funds to purchase more than 400 additional Bitcoin.
According to Odaily and other outlets on October 1, Strive raised fresh capital on September 30 through the issuance of its perpetual preferred stock, SATA. The company has primarily used SATA to finance its Bitcoin purchases.
Strive has already bought more than 6,100 Bitcoin over the past month. Lookonchain said the company purchased 6,106 Bitcoin between August 24 and September 25 at an average price of about $80,375.
As of October 1, Strive held a total of 27,462 Bitcoin. That ranks fifth among publicly traded companies globally.
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul