Strive reportedly buys 638 Bitcoin with preferred stock proceeds this week
Strive bought 638 bitcoin this week using proceeds from a preferred stock move. The company also expects about $55 million from its SATA offering, while the instrument had already generated about $317 million in weekly trading volume before prices fell below $100 and issuance paused.
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Strive’s bitcoin purchase is visible to holders and traders watching the company’s treasury actions, because the firm added 638 bitcoin this week and tied that move to preferred stock proceeds. Anyone following the stock or the company’s balance-sheet choices has a fresh transaction to account for today.
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