Strives perpetual preferred stock, SATA, is approaching a $1 billion market capitalization as the Bitcoin treasury company expands its BTC holdings and attracts fresh investor capital. Strive acquired another 1,375 Bitcoin last week for approximately $109 million, paying an average price of $79,281 per BTC. The purchase increased the companys total Bitcoin holdings to 24,531 BTC, currently valued at roughly $1.96 billion. CEO Matt Cole said SATA generated about 70% of the capital Strive raised during the week, while sales of common stock accounted for the remaining 30%. SATA, Strives… Read more
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