Strive buys 4,045 BTC for $335M and raises $630M via SATS preferred shares
- —Bought 4,045 BTC for $335M at an average of $82,803
- —Treasury now holds 36,818 BTC worth about $3 billion
- —Warrant exercises raised $369.2M but added 13.7M shares
- —SATS sale raises $630M at an annual cost of about $105M
Why it matters: Strive moves into fourth place among public bitcoin holders, and its preferred-only funding model offers an alternative to Strategy's debt-heavy approach.
Source: Newsbit