🔥 Strive's Bitcoin Stash Hits an Even 25,000 BTC After $36.6 Million Buy.
The purchase came entirely from preferred stock. 100% of the capital raised came from SATA, which now has over $1B notional outstanding, CEO Matt Cole said on X. SATA is Strive's Variable Rate Series A Perpetual Preferred Stock. We increased amplification ratio to 53.5%, Cole wrote. SATA shares outstanding rose by 402,541 during the period, taking the preferred stock's $100-stated notional value to roughly $1.04 billionenough to cover the Bitcoin bill with change left over, which is why cash still ticked up, from $202.6 million to $204.2 million, even after the buy.
Cole also flagged that Strive's amplification ratio rose to 53.5%, a figure the company defines as notional preferred equity and debt measured against Bitcoin net asset value. In practice, that means Strive now carries about $53.50 in preferred obligations for every $100 of Bitcoin sitting on its balance sheet. The pace is a sharp comedown from the week before. Strive bought 1,375 BTC for about $109 million between Aug. 4 at an average of $79,281 apiecenearly three times last week's haul, and split 70/30 between SATA and common stock rather than being funded entirely by preferred.
❓ What's your take is this the start of a bigger move or just noise? Drop it below.
$BTC $ETH
#DeFiProtocol #AICryptoIntegration #TonEcosystem
The purchase came entirely from preferred stock. 100% of the capital raised came from SATA, which now has over $1B notional outstanding, CEO Matt Cole said on X. SATA is Strive's Variable Rate Series A Perpetual Preferred Stock. We increased amplification ratio to 53.5%, Cole wrote. SATA shares outstanding rose by 402,541 during the period, taking the preferred stock's $100-stated notional value to roughly $1.04 billionenough to cover the Bitcoin bill with change left over, which is why cash still ticked up, from $202.6 million to $204.2 million, even after the buy.
Cole also flagged that Strive's amplification ratio rose to 53.5%, a figure the company defines as notional preferred equity and debt measured against Bitcoin net asset value. In practice, that means Strive now carries about $53.50 in preferred obligations for every $100 of Bitcoin sitting on its balance sheet. The pace is a sharp comedown from the week before. Strive bought 1,375 BTC for about $109 million between Aug. 4 at an average of $79,281 apiecenearly three times last week's haul, and split 70/30 between SATA and common stock rather than being funded entirely by preferred.
❓ What's your take is this the start of a bigger move or just noise? Drop it below.
$BTC $ETH
#DeFiProtocol #AICryptoIntegration #TonEcosystem