Strive Launches $500 Million ATM Financing Plan, with a Portion of Net Proceeds to Be Used for Bitcoin Purchase

BlockBeats News, December 10th, U.S. publicly traded Bitcoin treasury company Strive announced that it has reached a sales agreement. Strive can issue and sell its variable-rate Series A Perpetual Preferred Stock, with a par value of $0.001 per share (referred to as “SATA Stock”), with a maximum total offering price of up to $500 million (referred to as the “ATM Plan”). The net proceeds of the ATM project will be used for general corporate purposes, including but not limited to: acquiring Bitcoin and Bitcoin-related products; supplementing working capital; purchasing income-generating assets to expand the company’s business; and other capital expenditures.