Strive plans to expand the stock issuance scale by 4.2 billion dollars and is expected to increase its holdings by 2,649 bitcoins last week

According to Cryptopolitan, Strive plans to expand its ATM stock issuance program for common stock and SATA preferred stock by $2.1 billion each, totaling $4.2 billion. If completed, the common stock ATM program will increase to $2.55 billion, and the SATA preferred stock program will increase to $2.6 billion. CEO Matt Cole stated that this move is due to the continued increase in liquidity and investor demand.

It is estimated that last week Strive increased its holdings by approximately 2,649 bitcoins over four trading days, worth about $193 million, including a single-day purchase of 1,179 bitcoins on Friday. Strive currently holds about 16,500 bitcoins, ranking seventh among publicly listed companies holding bitcoins. The SATA preferred stock has an annualized dividend yield of 13% and will begin daily distributions on June 16.