PANews reported on December 10th that, according to Globenewswire, Bitcoin asset reserve company Strive (NASDAQ: ASST; SATA) announced it has signed a sale 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 (“SATA Stock”), for a total offering price of up to $500 million (“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, using it as working capital, purchasing revenue-generating assets to expand the company’s business, making other capital expenditures, repurchasing its Class A common stock, and/or repaying debt. Strive may also use these proceeds to fund the acquisition of businesses, assets, or technologies complementary to its current business.PANews reported on December 10th that, according to Globenewswire, Bitcoin asset reserve company Strive (NASDAQ: ASST; SATA) announced it has signed a sale 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 (“SATA Stock”), for a total offering price of up to $500 million (“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, using it as working capital, purchasing revenue-generating assets to expand the company’s business, making other capital expenditures, repurchasing its Class A common stock, and/or repaying debt. Strive may also use these proceeds to fund the acquisition of businesses, assets, or technologies complementary to its current business.
Strive launches $500 million SATA stock ATM funding plan, with some net proceeds to be used to purchase Bitcoin.
PANews reported on December 10th that, according to Globenewswire, Bitcoin asset reserve company Strive (NASDAQ: ASST; SATA) announced it has signed a sale 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 (“SATA Stock”), for a total offering price of up to $500 million (“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, using it as working capital, purchasing revenue-generating assets to expand the company’s business, making other capital expenditures, repurchasing its Class A common stock, and/or repaying debt. Strive may also use these proceeds to fund the acquisition of businesses, assets, or technologies complementary to its current business.
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