Strive has just announced its move: it will issue 1.25 million preferred shares (SATA) with a 12% dividend to buy out more Bitcoin. The company already has nearly 6,000 BTC in the vault (around $637M the current price). The money may also go to other assets or buy back common shares. Basically, they are betting heavily on Bitcoin while expanding operations. The typical move of those who believe in the bullish cycle.
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Strive has just announced its move: it will issue 1.25 million preferred shares (SATA) with a 12% dividend to buy out more Bitcoin. The company already has nearly 6,000 BTC in the vault (around $637M the current price). The money may also go to other assets or buy back common shares. Basically, they are betting heavily on Bitcoin while expanding operations. The typical move of those who believe in the bullish cycle.