Bitcoin reserve company Strive (NASDAQ: ASST; SATA) announced that it has signed a sale agreement under which it can issue and sell its Series A variable-rate perpetual preference shares at a par value of $0.001 each ("SATA Shares") for a total issue price of up to $500 million ("ATM Programs").
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, using it as Working Funds, purchasing revenue-generating assets to expand the company's business, making other capital expenditures, repurchasing Class A common stock of the company, and/or paying down debt. Strive may also use these proceeds to finance acquisitions of businesses, assets, or technologies that complement its current business.
Strive Launches $500 million SATA Stock ATM Funding Program, Part of Net Proceeds to Buy Bitcoin
2025-12-10 00:38:33
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