Strive Raises $86M via SATA for Bitcoin Treasury Buying
Summary :
SATA preferred stock sales generated an estimated $85.88 million across three trading sessions from Sep. 21 to Sep. 23.
Share proceeds correspond to potential buying power for 1,001.67 BTC based on prevailing spot market prices.
Strive previously reported holding 26,355 BTC after purchasing 1,355 BTC for $107.7 million in mid-September.
MicroStrategy acquired 950 BTC for $75.7 million while deploying $174 million to buy back STRC preferred stock.
Strive holds 505,000 STRC preferred shares while offering a 13% annualized September dividend on SATA.
https://bitnxt.io/crypto-news/strive-raises-86m-sata-bitcoin-treasury-buying
#Bitnxt
Summary :
SATA preferred stock sales generated an estimated $85.88 million across three trading sessions from Sep. 21 to Sep. 23.
Share proceeds correspond to potential buying power for 1,001.67 BTC based on prevailing spot market prices.
Strive previously reported holding 26,355 BTC after purchasing 1,355 BTC for $107.7 million in mid-September.
MicroStrategy acquired 950 BTC for $75.7 million while deploying $174 million to buy back STRC preferred stock.
Strive holds 505,000 STRC preferred shares while offering a 13% annualized September dividend on SATA.
https://bitnxt.io/crypto-news/strive-raises-86m-sata-bitcoin-treasury-buying
#Bitnxt
