BlockBeats News, January 22 — According to Cryptobriefing, the U.S.-listed Bitcoin treasury company Strive announced plans to raise $150 million through the issuance of Series A Perpetual Preferred Stock (SATA Stock). The company stated that the proceeds will be used to reduce outstanding debt, purchase Bitcoin and Bitcoin-related products, and support company growth.
This financing plan follows last week’s shareholder approval for Strive to acquire Semler Scientific. The acquisition is expected to be completed soon and will add over 5,000 Bitcoins to Strive’s balance sheet, increasing the company’s Bitcoin reserves to 12,798 Bitcoins.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Bitcoin under pressure as yields rise, Iran conflict, inflation risk
A risk-off mood swept across crypto and traditional markets as geopolitical tensions and stubborn inflation kept investors cautious. Bitcoin tested the $67,500 support level on Monday as traders paused after a run higher, while gold endured a sharp pullback described as one of its steepest
CryptoBreaking29m ago
Strategy Elevates Bitcoin Security as Massive 762K BTC Holdings Raise Market Stakes
Strategy Inc. is escalating its bitcoin risk posture with a new security leadership role and coordinated global program, signaling deeper institutional commitment to protecting massive crypto reserves and strengthening network resilience.
Strategy Expands Bitcoin Security Leadership and Global
Coinpedia32m ago
Technical Analysis March 26: BTC, ETH, BNB, XRP, SOL, DOGE, HYPE, ADA, BCH, LINK
Bitcoin (BTC) is currently trading around 71,342 USD, continuing to encounter strong resistance at the 72,000 USD level. Nevertheless, the bulls are maintaining considerable pressure. Trader Daan Crypto Trades stated on X that BTC needs to break through and hold firmly above this zone to have a chance to "retest the 80,000 USD mark".
The market is inherently dry
TapChiBitcoin1h ago
Morgan Stanley Bitcoin ETF Receives NYSE Listing Approval, Set for Official Launch Soon
BlockBeats News: On March 26, Bloomberg senior ETF analyst Eric Balchunas stated that Morgan Stanley's Bitcoin ETF (ticker: MSBT) has received official listing approval from the New York Stock Exchange (NYSE). The release of such announcements typically indicates that the relevant product is about to go live officially.
BlockBeatNews1h ago
