Overview
- The Nasdaq-listed SATA offering sold 2 million variable-rate perpetual preferred shares at $80 each after strong investor demand.
- Management plans to deploy the capital to acquire additional Bitcoin and reserve funds for strategic acquisitions.
- Strive reports 7,525 BTC on its balance sheet, including 1,567 coins recently purchased at an average price of $103,315.
- The deal closed shortly after Bitcoin briefly fell below $100,000, yet the IPO was oversubscribed and upsized.
- The preferred-stock structure offers a fixed-income-like option for investors seeking Bitcoin exposure without diluting common equity.