Strive buys 3,311 BTC with warrant cash, locks in the SATA floor it wavered on in June

Strive (NASDAQ: ASST) now has 32,773 BTC in its treasury after it bought 3,311 BTC last week. It has now made a $100 minimum issuance price for its SATA preferred stock a binding rule in its governing documents. The move hardens a price protection that the company had loosened over the summer. In March, Strive informed investors that it would not be selling SATA through its at-the-market program or follow-on offerings below $100. SATA is Strive’s Variable Rate Series A Perpetual Preferred Stock, a security built to trade near a $100 par and pay a dividend.

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