Strive is expected to raise about $55 million from its SATA preferred stock offering in the week ended Oct. 5, a sum that would be enough to buy roughly 638 BTC based on a bitcoin price of about $82,800. Weekly trading volume in SATA reached about $317 million. The stock traded above its $100 par value for most of Monday and Tuesday, then stayed below par from Wednesday through Friday, with the offering activity expected to pause as a result. A Form 8-K to be filed by Strive and Strategy on Monday is expected to confirm how much bitcoin was actually purchased with the proceeds. As of Oct. 2, Strive held 29,462 BTC, after buying 2,000 BTC between Sept. 28 and Oct. 2 at an average price of about $84,422. Bitcoin.com News also said Strategy sold no STRC between Sept. 28 and Oct. 4 and bought 334 BTC only through sales of MSTR common stock.
Strive’s SATA preferred stock offering is expected to raise about $55 million in the week ended Oct. 5. At a bitcoin price of about $82,800, that amount would be enough to buy roughly 638 BTC.
SATA recorded about $317 million in total trading volume during the week. The preferred shares traded above their $100 par value for most of Monday and Tuesday, then remained below par from Wednesday through Friday. The offering is expected to pause in response.
A Form 8-K that Strive and Strategy are set to file on Monday will confirm how much bitcoin was actually purchased with the proceeds.
As of Oct. 2, Strive held 29,462 BTC. The company bought 2,000 BTC between Sept. 28 and Oct. 2 at an average price of about $84,422.
Separately, according to Bitcoin.com News, Strategy sold no STRC between Sept. 28 and Oct. 4, and purchased 334 BTC only through sales of MSTR common stock.
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