PANews, December 10—According to Globenewswire, Bitcoin asset reserve company Strive (NASDAQ: ASST; SATA) announced that it has signed a sales agreement. Under the 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”), for a total offering price of up to $500 million (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, providing 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 are complementary to its current business.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Bitcoin Drops Below $75K, Trading at $74,992 with 1.63% 24-Hour Decline
Gate News message, April 21 — Bitcoin (BTC) fell below the $75,000 mark, currently trading at $74,992.3 with a 24-hour decline of 1.63%.
GateNews2h ago
USDT supply hits fresh $188b ATH as Tether tightens grip on stablecoins
Tether CEO Paolo Ardoino says USDT supply has hit a record $188b, cementing the stablecoin's dominance as broader stablecoin liquidity sits near all-time highs.
Summary
Tether CEO Paolo Ardoino says USDT supply has reached a record $188 billion.
The new peak comes weeks after stablecoins hit a
Cryptonews5h ago
Grayscale Research Head: Bitcoin Rally Above $76K Could Signal Start of Bull Market Phase One
Grayscale research head Zach Pandl analyzes Bitcoin's rebound from a February low, using the realized price metric to show recent buyers at breakeven and hint at an early bull phase, with a reported bottom around $65k-$70k.
Grayscale’s Pandl: Bitcoin hit ~63k in Feb, rose to ~76k; realized price ~74k shows recent buyers breakeven, hinting at early bull phase and a bottom around 65-70k.
GateNews5h ago
Scammers Impersonating Iranian Officials Demand Bitcoin and USDT from Ships in Strait of Hormuz
Gate News message, April 21 — Scammers posing as Iranian officials are demanding Bitcoin (BTC) and Tether (USDT) as transit fees from ships in the Strait of Hormuz, according to a warning from MARISKS, a Greece-based maritime risk management firm. The scheme falsely promises "safe transit
GateNews5h ago
Bitcoin, Ethereum and Solana ETFs Record Positive Net Inflows on April 21
Gate News message, according to the April 21 update, Bitcoin ETFs recorded a 1-day net inflow of 3,599 BTC (approximately $272.59 million) and a 7-day net inflow of 18,914 BTC (approximately $1.43 billion). Ethereum ETFs showed a 1-day net inflow of 34,380 ETH (approximately $79.25 million) and a 7-
GateNews5h ago
