BTC $78,601.14 -0.67%
ETH $2,488.81 +0.11%
BNB $754.96 +2.17%
XRP $1.42 +1.60%
SOL $103.51 -0.32%
TRX $0.3392 +1.47%
DOGE $0.0905 -0.69%
ADA $0.2202 -0.30%
BCH $259.10 +0.23%
LINK $12.48 -2.11%
HYPE $85.54 +0.70%
AAVE $128.72 -2.60%
SUI $0.8174 -0.22%
XLM $0.1880 -2.38%
ZEC $1,183.24 +3.98%
BTC $78,601.14 -0.67%
ETH $2,488.81 +0.11%
BNB $754.96 +2.17%
XRP $1.42 +1.60%
SOL $103.51 -0.32%
TRX $0.3392 +1.47%
DOGE $0.0905 -0.69%
ADA $0.2202 -0.30%
BCH $259.10 +0.23%
LINK $12.48 -2.11%
HYPE $85.54 +0.70%
AAVE $128.72 -2.60%
SUI $0.8174 -0.22%
XLM $0.1880 -2.38%
ZEC $1,183.24 +3.98%

Strive launched a $500 million SATA stock ATM financing plan, with part of the net proceeds to be used for purchasing Bitcoin

2025-12-10 08:33:02

According to Globenewswire, Bitcoin asset reserve company Strive (NASDAQ: ASST; SATA) announced that it has signed a sales agreement. Under this agreement, Strive may issue and sell its Series A variable rate perpetual preferred stock, with a par value of $0.001 per share (referred to as "SATA Stock"), with a total issuance price of up to $500 million (referred to as the "ATM Program").

Strive intends to use the net proceeds from the ATM Program for general corporate purposes, including but not limited to: purchasing Bitcoin and Bitcoin-related products, serving as working capital, acquiring income-generating assets to expand the company's business, making other capital expenditures, repurchasing the company's Class A common stock, and/or repaying debt. Strive may also use these proceeds to fund acquisitions of businesses, assets, or technologies that complement its current operations.

app_icon
ChainCatcher Building the Web3 world with innovations.