Strive (ASST) Starts $500 Million ATM Program for High-Yield SATA Preferred Stock
Strive (ASST), a publicly traded bitcoin BTC$92,691.23 treasury and asset-management company, said it arranged a $500 million at-the-market offering (ATM) for its Variable Rate Series A Perpetual Preferred Stock (SATA) to help fund further purchases of the largest cryptocurrency. SATA pays a 12% dividend with an effective yield near 13%, and the security is intentionally...
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