PANews
PANews|Jun 02, 2026 00:02
[Strive Plans to Expand Stock Issuance Program by $4.2 Billion, Estimated to Have Acquired 2,649 Bitcoins Last Week] According to Cryptopolitan, Strive plans to expand its ATM stock issuance programs for both common stock and SATA preferred stock by $2.1 billion each, totaling $4.2 billion. If completed, the common stock ATM program will increase to $2.55 billion, and the SATA preferred stock program will increase to $2.6 billion. CEO Matt Cole stated that this move is due to continued growth in liquidity and investor demand. It is estimated that last week, Strive acquired approximately 2,649 bitcoins over four trading days, valued at approximately $193 million, with 1,179 bitcoins purchased on Friday alone. Strive currently holds about 16,500 bitcoins, ranking seventh among publicly listed companies holding bitcoin. The SATA preferred stock has an annualized dividend yield of 13% and will begin daily dividend payments starting June 16.
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