Strive Holds 29,462 BTC as SATA Preferred Stock Fundraising Reaches $55 Million Estimate

Strive’s SATA preferred stock raised an estimated $55 million during the week of Oct. 5, an amount that would have been enough to purchase approximately 638 Bitcoin (BTC) at the prior week’s price.

The company held 29,462 BTC as of Oct. 2. Whether the new funds were converted into Bitcoin is expected to be clarified in an 8-K filing.

Strategy did not sell STRC shares from Sept. 28 through Oct. 4, providing a separate reference point for recent activity involving Bitcoin-focused preferred stock vehicles.