Strive Is Running Saylor’s Playbook and Has Raised Enough for 638 Bitcoin

Strive’s SATA preferred stock generated an estimated $55 million this week, enough to buy about 638 BTC, even though the shares spent three of five trading days below the price at which new issuance stops. The number comes from a weekly dashboard snapshot which shows three figures for the week so far: That is an estimate as trackers such as Bitcointreasuries.net’s SATA page only count volume traded at or above the $100 par value. They then apply a capture ratio, calibrated against past SEC filings, to estimate how many new shares Strive sold through its at-the-market (ATM) program.

Source: Bitcoin.com News