Strive plans to expand its stock offering by $4.2 billion and is expected to have acquired 2,649 bitcoins last week.

CoinFeed reported on June 2nd that, according to Cryptopolitan, Strive plans to expand its ATM (Auction, Transaction, and Transfer) stock offerings for both common stock and SATA preferred stock by $2.1 billion each, totaling $4.2 billion. If completed, the common stock ATM offering will increase to $2.55 billion, and the SATA preferred stock offering will increase to $2.6 billion. CEO Matt Cole stated that this move is due to continued increases in liquidity and investor demand. It is estimated that Strive acquired approximately 2,649 bitcoins, worth about $193 million, over four trading days last week, including 1,179 bitcoins purchased on Friday alone. Strive currently holds approximately 16,500 bitcoins, ranking seventh among publicly traded companies holding bitcoins. The SATA preferred stock offers an annualized dividend yield of 13% and will begin paying dividends daily starting June 16th.