PANews reported on November 10 that, according to GlobeNewswire, Bitcoin asset management company Strive (NASDAQ: ASST, SATA) announced the successful listing and oversubscription of its Variable Rate Class A Perpetual Preferred Stock (SATA) IPO, increasing the offering size to 2 million shares at a price of $80 per share. The company also disclosed that it increased its holdings by 1,567 BTC during the brief dip in Bitcoin below $100,000, at an average purchase price of $103,315, totaling approximately $162 million. As of November 10, Strive held a total of 7,525 Bitcoins. Strive stated that the SATA dividend is expected to be paid out in the form of "return of capital" (ROC), enhancing investors' after-tax returns; this financing makes it the second Bitcoin vault company, after Strategy, to raise funds through public perpetual preferred stock.PANews reported on November 10 that, according to GlobeNewswire, Bitcoin asset management company Strive (NASDAQ: ASST, SATA) announced the successful listing and oversubscription of its Variable Rate Class A Perpetual Preferred Stock (SATA) IPO, increasing the offering size to 2 million shares at a price of $80 per share. The company also disclosed that it increased its holdings by 1,567 BTC during the brief dip in Bitcoin below $100,000, at an average purchase price of $103,315, totaling approximately $162 million. As of November 10, Strive held a total of 7,525 Bitcoins. Strive stated that the SATA dividend is expected to be paid out in the form of "return of capital" (ROC), enhancing investors' after-tax returns; this financing makes it the second Bitcoin vault company, after Strategy, to raise funds through public perpetual preferred stock.