Strive may have raised funds to buy 1,192 BTC this week via SATA

Strive (ASST) may have raised funds to buy 1,192 BTC this week through the issuance of perpetual preferred stock SATA, according to an analysis by Bitcoin Treasuries. SATA can issue new shares to fund BTC purchases only when the stock trades above its $100 par value, and the share price regained that level on Aug. 21 after falling as low as $79 in June, restoring the company’s fundraising capacity.