Strive announces proposed offering of 5M SATS preferred shares
- —Strive plans to offer 5M shares of 15% Series A Perpetual SATS Preferred Stock
- —Proceeds will fund bitcoin purchases and income-generating assets
- —Part of the proceeds will cover working capital and capital expenditures
Why it matters: Strive keeps expanding its bitcoin treasury model via preferred stock, adding to BTC demand.
Source: Seeking Alpha Crypto