Strive raising $500 million to buy additional bitcoin with new preferred share class
š° Key Takeaways:
ā¢ Strive has secured $500āÆmillion in capital through a new preferred share class (SATS) offering a fixed 15% dividend at par.
ā¢ The preferred shares are junior to the existing SATA class, which pays a variable dividend (currently 13%), ensuring a clear priority structure for investors.
ā¢ The capital will be deployed to purchase additional Bitcoin, reinforcing Striveās strategy to increase its crypto asset holdings.
š” Market Impact:
The infusion of $500āÆmillion is likely to boost liquidity for Striveās Bitcoin portfolio and may signal confidence in institutional crypto investment, potentially supporting broader market sentiment toward crypto asset allocation.
š„ 24H Top Futures Gainers:
ā¢ $Q (+39.2%) ā Price: 0.0419
ā¢ $TRUTH (+27.8%) ā Price: 0.0196
ā¢ $BAT (+27.4%) ā Price: 0.1962
#CryptoNews #BinanceFutures #MarketMovers
š° Key Takeaways:
ā¢ Strive has secured $500āÆmillion in capital through a new preferred share class (SATS) offering a fixed 15% dividend at par.
ā¢ The preferred shares are junior to the existing SATA class, which pays a variable dividend (currently 13%), ensuring a clear priority structure for investors.
ā¢ The capital will be deployed to purchase additional Bitcoin, reinforcing Striveās strategy to increase its crypto asset holdings.
š” Market Impact:
The infusion of $500āÆmillion is likely to boost liquidity for Striveās Bitcoin portfolio and may signal confidence in institutional crypto investment, potentially supporting broader market sentiment toward crypto asset allocation.
š„ 24H Top Futures Gainers:
ā¢ $Q (+39.2%) ā Price: 0.0419
ā¢ $TRUTH (+27.8%) ā Price: 0.0196
ā¢ $BAT (+27.4%) ā Price: 0.1962
#CryptoNews #BinanceFutures #MarketMovers