Strive Plans $150 Million Preferred Stock Sale to Repay Debt and Buy Bitcoin
Strive, a bitcoin treasury and asset management company, announced a $150 million follow-on offering of its Variable Rate Series A Perpetual Preferred Stock, known as SATA, on Wednesday. The proceeds will be used to repay debt from the company’s recent acquisition of Semler Scientific and to purchase additional bitcoin. The offering comes as Strive expands…
