Strive Expects $55 Million From SATA Offering for 638 Bitcoin
Photo: TokenPost
Strive expects its SATA preferred stock offering to generate about $55 million, providing funds equivalent to roughly 638 Bitcoin (BTC) at a price of about $82,800 per coin. The offering recorded approximately $317 million in total SATA trading volume during the week ended Oct. 5. SATA traded above its $100 face value for most of Monday and Tuesday before remaining below face value from Wednesday through Friday. The shift below face value led Strive to pause the issuance activity. The amount of Bitcoin ultimately purchased with the proceeds is expected to be confirmed in the companies’ Monday-filed 8-K reports.
Source: TokenPost
