Strive launches $500 million SATA stock ATM funding plan, with some net proceeds to be used to purchase Bitcoin.

Bitcoin asset reserve company Strive (NASDAQ: ASST; SATA) announced that it has signed a sale agreement under which Strive may issue and sell its Series A variable-rate perpetual preferred stock with a par value of $0.001 per share (referred to as "SATA Stock"), for a total offering price of up to $500 million (referred to as the "ATM Plan").