Strive announced that the offering size of its SATS perpetual preferred stock has increased to $700 million, at an offering price of $90 per share.
Institutional activity is commonly interpreted in three ways:
① Allocation: Positions are built over the quarter, with little attention to intraday price movements;
② Rebalancing: Adjusting the allocation doesn’t necessarily indicate a bullish outlook;
③ Arbitrage: A short-term trade, with positions opened and closed quickly.
There aren’t many details this time, so let’s put it on the watchlist for now.
$1000SATS is currently at 0.00001095, up 4.48% over 24h. What really determines the price is capital flows, not the news itself.
Institutional activity is commonly interpreted in three ways:
① Allocation: Positions are built over the quarter, with little attention to intraday price movements;
② Rebalancing: Adjusting the allocation doesn’t necessarily indicate a bullish outlook;
③ Arbitrage: A short-term trade, with positions opened and closed quickly.
There aren’t many details this time, so let’s put it on the watchlist for now.
$1000SATS is currently at 0.00001095, up 4.48% over 24h. What really determines the price is capital flows, not the news itself.