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Strive, through the SATA program, purchased 490 Bitcoins in a single day, exceeding the network’s daily average issuance.

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CryptoWorld News reports that Strive, Inc. used its SATA preferred stock program to purchase approximately 490 bitcoins in a single day, exceeding the Bitcoin network’s average daily issuance of about 450 coins. According to the Bitcoin enterprise SATA tracking dashboard, Wednesday’s activity showed total SATA transaction volume of approximately $66.9 million, with a yield of 13%. The amount of bitcoins purchased during that trading period exceeded miners’ average daily production across the entire network. As of the week ending May 24, SATA recorded purchases of about 794 bitcoins. Strive’s recent SEC filing confirmed that the company bought 1,109 bitcoins between May 19 and May 22, at an average purchase price of approximately $76,989, bringing its total holdings to 16,500 bitcoins. Strive is a Dallas-based corporate treasury and structured finance company focused on accumulating Bitcoin.
BTC-2.02%
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ResilientGoldfish
· 2h ago
Bitcoin structured financing, this track is going to be hot
View OriginalReply0
LiquidationLineInTheReflection
· 3h ago
This average price is 76,989, and the cost control is pretty good.
View OriginalReply0
LookingAtTheCandlestickChart
· 3h ago
The preferred stock plan, this move, creates a closed loop of fundraising to buy coins.
View OriginalReply0
ViewingNarrativesFromAHotAir
· 3h ago
794 coins in a week, the accumulation speed is astonishing
View OriginalReply0

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