According to ME News, on June 2 (UTC+8), Matt Cole, CEO of Strive, stated that the company expects to increase the sizes of its two At-The-Market (ATM) financing programs, ASST and SATA, by $2.1 billion each, to reflect sustained growth in liquidity and investor demand for both securities. Cole noted that these adjustments underscore continued growing interest from investors in ASST and SATA, and the company plans to release an updated balance sheet ahead of tomorrow’s U.S. pre-market trading session, providing further details on its financial and capital allocation status. The ATM financing mechanism allows publicly traded companies to gradually sell newly issued shares during regular market trading, enhancing financing flexibility and enabling dynamic capital raising based on market demand. (Source: ChainCatcher)
Strive to increase ASST and SATA ATM financing by $2.1 billion each.
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Summary
Strive CEO Matt Cole announced on June 2 (UTC+8) that the company will increase ASST and SATA ATM financing by $2.1 billion each. This move follows increased demand and liquidity for the tokens, which are among the altcoins to watch in today’s market. Cole said an updated balance sheet will be released ahead of the U.S. market open tomorrow. ATM financing allows firms to issue shares during trading to raise capital dynamically. The Fear & Greed Index remains a key indicator of investor sentiment.
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