Strive estimated to raise $55M from SATA issuance this week, enough for 638 BTC

A media outlet reported, citing Bitcoin Treasuries data analysis, that Bitcoin treasury company Strive is estimated to have raised about $55 million this week through a preferred stock issuance of SATA. That would be enough to buy around 638 BTC. The estimate was based on SATA trading volume and past disclosures, while the actual issuance size and whether the company bought BTC have not been confirmed.