Strive doubles down on bitcoin with $4.2 billion offering
Strive has expanded its bitcoin holdings to 19,000 BTC, worth $1.3 billion.
The company acquired an additional 2,500 $BTC for ~$185.2M at an average cost of ~$74,092 per bitcoin.
Strive has devised a variable-rate product dubbed $SATA, which will offer a 13% annual dividend in daily payouts—starting June 16.
The firm raised $44 million to ensure dividends on its preferred stock can be paid.