Strive's SATA Rebound Opens Door for Another Big Bitcoin Purchase
Strive's SATA stock has rebounded above $100, creating potential funding capacity for another large Bitcoin purchase. According to estimates by BitcoinTreasuries.NET, the trading activity in Strive's SATA preferred stock this week created enough funding capacity to buy about 1,192 BTC at current prices of $78,000 to $80,000 per coin.
The running total increased after U.S. markets opened on Friday, with estimated capacity for more than 100 BTC added during the first two hours of trading.
This is significant because Strive's SATA has a stated value of $100 and pays a floating annual dividend rate of 13% per annum, which has been maintained by the company at this level. Payments happen on each business day after approval by the board of directors.