Strive to expand ATM offering by $4.2B for more BTC buys

Asset management firm Strive (Nasdaq: ASST), which strategically accumulates Bitcoin, plans to expand its at-the-market (ATM) stock offering program by a total of $4.2 billion to fund additional BTC purchases, Wu Blockchain reported. The plan involves increasing the limits for its ASST and SATA shares by $2.1 billion each. The SATA stock operates on a model similar to MicroStrategy's (MSTR) STRC preferred shares, issuing new stock to purchase BTC whenever its price exceeds the $100 par value. Strive currently holds 16,500 BTC, valued at approximately $1.27 billion.