Strive Acquires Over 280 BTC in Funding via SATA

Bitcoin accumulation firm Strive reported that its SATA reached within $0.05 of par value ($100) on Prime Market, according to BitcoinTreasury. Strive has been purchasing substantial amounts of BTC weekly starting from August 10. Through SATA, the company has secured funding sufficient to acquire over 280 BTC as of this week.

SATA can only issue new shares when its share price exceeds par value ($100) to raise funds for BTC acquisitions.