EconomyBitcoin treasury firm Strive risks cash reserve with $500 million SATA buyback plan
Bitcoin treasury company Strive disclosed an optional program to repurchase up to $500 million of its variable-rate perpetual preferred stock, SATA. The ceiling exceeds its reported $284.7 million cash balance, forcing a choice between further Bitcoin purchases and reducing dividend obligations. The filing reports no completed repurchases, dedicated funding source or timetable.
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CryptoSlate★★☆☆☆2026-10-06 02:40Original
Bitcoin treasury firm Strive risks cash reserve with $500 million SATA buyback plan
Economy