Based on ChainCatcher, Strive (NASDAQ: ASST; SATA) has announced a $50 million ATM equity offering for its Series A variable rate perpetual preferred shares, with a par value of $0.001 per share. The company plans to use the net proceeds for general corporate purposes, including purchasing Bitcoin and Bitcoin-related products, working capital, acquiring income-generating assets, capital expenditures, repurchasing Class A common shares, and/or repaying debt. The funds may also support acquisitions of complementary businesses, assets, or technologies.
Strive Announces $50M ATM Equity Offering to Fund Bitcoin Purchases
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