Strive’s SATA Stock Raises Estimated $55 Million, Enough for 638 BTC
Strive’s SATA preferred stock generated an estimated $55 million this week, equivalent to roughly 638 bitcoin, according to Bitcoin.com News.
Strive raised an estimated $55 million through its SATA preferred stock this week, Bitcoin.com News reported. The proceeds would be sufficient to purchase about 638 bitcoin.
The estimate was drawn from a weekly dashboard snapshot. The available report does not establish whether Strive used those proceeds to complete bitcoin purchases.
SATA shares traded below the threshold at which new issuance stops on three of the week’s five trading days. Despite that constraint, the reported weekly proceeds represented substantial potential funding for bitcoin acquisitions.
Source: Bitcoin.com News
