Myriad: Bitcoin next price move? Click to make your prediction. Strive raised capital through at-the-market offerings, which let companies sell newly issued shares at current market prices.
Its Class A share count increased by 3,646,300, or 4.8%, to 79,890,888. The company also issued 441,313 shares of SATA, its perpetual preferred stock, increasing the total by 5.6% to 8,270,815.
SATA traded near or above its $100 face value during the period, allowing Strive to issue the preferred shares without pricing them below that threshold.
Strive ended August 21 with $171.9 million in cash and cash equivalents, up from $154.8 million one week earlier, even after completing the Bitcoin purchases.
