Key Highlights: Strategy Chief Financial Officer Andrew Kang resigned for personal reasons, with his departure effective Nov. 5, remaining in an advisory role through Dec. 31. Executive Vice President of Operations Reza Virasteh will step into the CFO position on Jan. 1, sharing co-principal financial officer duties alongside President and CEO Phong Le. The executive ...
Key Highlights TD Cowen lifted its price target for Strive from $44 to $56 following an aggressive digital asset acquisition strategy. Strive expanded its corporate Bitcoin treasury to 35,595 BTC, surpassing early expectations with rapid, multi-thousand BTC purchases. The firm is pursuing approximately $630 million in gross proceeds through an offering of 7 million preferred ...
Key Highlights: Strive is raising an upsized $630 million before expenses through perpetual preferred SATS shares offered at $90 each, scheduled to settle on Oct. 20. While SATS carries a $100 liquidation preference and a $15 annual dividend—yielding an effective 16.7% cash rate at offering—it lacks a maturity date, leaving investor exits subject to secondary ...
Key Highlights: Major Bitcoin treasury holder Hut 8 has initiated deposits onto cryptocurrency exchanges, pointing to a potential operational strategy shift. Market sentiment remains mixed, with observers tracking how these institutional reserve movements will affect broader trading dynamics and liquidity. Traders and analysts are closely monitoring Hut 8 for subsequent reserve transfers that could induce ...
Satsuma Technology Collapses 99% After Bitcoin Treasury Strategy Fails British bitcoin treasury company Satsuma Technology has crashed 99% from its 2025 peak, liquidated its entire bitcoin holdings, and suspended trading as it faces delisting proceedings. The firm, which raised ÂŁ168.9 million ($227.6 million) from noteholders during the height of the 2025 bitcoin treasury boom, sold ...
Strive has strengthened its position among corporate Bitcoin holders after purchasing 1,800 $BTC for approximately $143 million. The acquisition increased the company’s Bitcoin treasury to…
Strive has purchased another 1,800 Bitcoin worth approximately $143 million, continuing its aggressive cryptocurrency accumulation strategy and expanding one of the largest corporate Bitcoin treasuries….
Corporate Bitcoin treasury figures can obscure how much Bitcoin is actually available to a company. Recent filings from CleanSpark, PowerCompute and USBC show that options…
Strive has added another 1,800 Bitcoin to its corporate treasury in a purchase worth $143 million, according to CEO Matt Cole. The company paid an…