Strive’s SATA Briefly Swallows the Entire Bitcoin Mining Daily Supply As BTC Purchases Ramp Up
Strive's SATA preferred stock has recently absorbed over 100% of the daily bitcoin mining supply, marking a significant milestone. This event occurred on a day of record trading volume for SATA, with approximately 384,000 shares exchanged. The preferred stock will begin paying cash distributions daily starting June 16, further increasing its appeal as a bitcoin accumulation vehicle.
- ▪Strive's SATA absorbed an estimated 453 BTC, exceeding the entire daily bitcoin mining supply.
- ▪The trading volume for SATA reached approximately 384,000 shares, marking its biggest day in history.
- ▪SATA will start paying cash distributions every business day beginning June 16.
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