Strive Raises Approximately $55 Million via SATA Preferred Stock, Enough to Buy About 638 Bitcoin

Strive's SATA preferred stock raised approximately $55 million in the week ending October 5, enough to purchase about 638 Bitcoin at a price of roughly $82,800 per Bitcoin. Total SATA trading volume for that week was approximately $317 million. SATA traded above its $100 par value for most of Monday and Tuesday, but fell below par from Wednesday through Friday, with issuance activity expected to pause accordingly. An 8-K filing submitted by Strive and Strategy on Monday will confirm the actual number of Bitcoin purchased with the proceeds. Strive held 29,462 Bitcoin as of October 2, having bought 2,000 Bitcoin between September 28 and October 2 at an average price of approximately $84,422. Strategy did not sell STRC between September 28 and October 4, only purchasing 334 Bitcoin through sales of MSTR common stock.