ChainCatcher reports that Bitcoin treasury company Strive has announced a planned At-The-Market (ATM) offering of up to $500 million in SATA stock. The proceeds will be used for general corporate purposes, including acquiring Bitcoin and related products, working capital, purchasing revenue-generating assets, capital expenditures, repurchasing Class A common stock, and repaying debt. It may also be used to acquire complementary businesses or technologies. The company filed a supplemental filing with the SEC on December 9th.
As of November 7, Strive held approximately 7,525 bitcoins, and its wholly-owned subsidiary, Strive Asset Management, currently manages over $2 billion in assets.
