Strive announces an ATM Program to issue and sell shares of its SATA Stock up to $500,000,000.
The net proceeds will be used for general corporate purposes, acquisitions, working capital, and debt repayments.
The sales of SATA Stock will be conducted through an 'at the market offering' method.
ATM Program Details
Strive plans to issue and sell Variable Rate Series A Perpetual Preferred Stock, aiming to raise $500,000,000.
Use of Proceeds
Proceeds will fund general corporate activities, acquisition of bitcoin, income-generating assets, and debt repayment.
Sales Method
The sales of SATA Stock will be conducted through methods allowed by law, focusing on an 'at the market offering' as per Rule 415(a)(4).
Company Focus
Strive is the first publicly traded asset management Bitcoin treasury company, concentrating on increasing Bitcoin per share to outperform Bitcoin in the long run.
- The announcement signals Strive's strategic move to raise capital for growth and investment in bitcoin-related assets.
- The focus on Bitcoin treasury showcases the company's confidence in the long-term potential of cryptocurrencies.
Strive's decision to launch the SATA Program reflects its commitment to strategic financing and solidifying its position in the cryptocurrency market. The move aligns with the company's growth-oriented strategy and commitment to enhancing shareholder value.