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) →Strive told shareholders that it was choosing to hold STRC instead of idle cash, a swap that has cost shareholders millions of dollars.
— Michael Saylor, MicroStrategy
Strive Inc. bought the dividend-paying STRC stock by Strategy, a supposed money-market competitor, and lost $1.8M.
Bitcoin treasury company Strive has rebranded as a daily dividend company, despite its common stock cratering 85% within a year.
Nasdaq-listed BTC treasury company Strive has announced a $50M cash purchase of fellow BTC treasury company Strategy’s STRC.