Funding
Strive Launches $1 Billion SATS Stock Sales Program
Strive, a company, has launched a $1 billion at-the-market program to sell shares of its 15% Series A Perpetual SATS Preferred Stock. The program allows the company to issue shares with an aggregate offering price of up to $1 billion. Strive may allocate the net proceeds to Bitcoin acquisitions and related products, working capital, income-generating assets, capital expenditures, and other corporate needs. The company also outlined other potential uses for the funds, including repurchasing Class A common stock or SATA preferred shares, acquiring complementary businesses or technologies, paying dividends on outstanding preferred stock, and repaying future indebtedness.