Strive to sell another $130M of SATS stock to buy more bitcoin
Strive announced plans to raise $500M through a Series A IPO that would sell 5M shares at $100 each, of the perpetual preferred stock SATS.
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Strive announced plans to raise $500M through a Series A IPO that would sell 5M shares at $100 each, of the perpetual preferred stock SATS.
Read more (2 min) →BTC has traded sideways over the past 18 months, but BTC treasury stocks, including the top 20, have traded decisively negatively.
Mark Moss’ Satsuma Technology sold all 669 of its BTC and will return £30.7M after the company crashed 99% from its 2025 peak.
Metaplanet has spent tens of millions of dollars operating a bitcoin treasury company that has an unrealized loss of more than $1 billion.
South Korea’s stock market index, KOSPI, now swings harder on an average day than BTC, with higher annualized realized volatility.