TREE NEWS reports: Strive’s SATA preferred stock offering raised an estimated $55 million in the week ended Oct. 5, enough to buy about 638 bitcoin at roughly $82,800 per coin. Weekly SATA trading volume totaled about $317 million, with the stock trading above its $100 par value Monday and most of Tuesday before falling below par Wednesday through Friday, likely pausing further issuance. Strive held 29,462 bitcoin as of Oct. 2, after buying 2,000 bitcoin between Sept. 28 and Oct. 2 at an average price of about $84,422.
Strive’s SATA Preferred Stock Raises About $55M, Enough to Buy Roughly 638 Bitcoin
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AI take
The preferred stock's slide below its $100 par value matters more than the headline raise: it signals the issuance channel that funds Strive's bitcoin purchases may be closing, since selling below par is dilutive to existing holders. That makes the coming weeks a test of whether accumulation continues organically or stalls, and whether SATA can reclaim par to reopen the facility. Watch the par-level trading and any resumption of weekly buying as the clearest read on Strive's capacity to keep adding.
Generated by AI for reference only.
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