Overview
- Investor orders topped $600 million, prompting Strive to raise the SATA offering from a $150 million target to $225 million at $90 per share.
- Strive retired $110 million of the $120 million Semler-related liabilities by exchanging $90 million of convertible notes into SATA and fully repaying a $20 million Coinbase Credit loan.
- Roughly $10 million of legacy Semler debt remains, which the company targets retiring by April 2026.
- Strive purchased 333.89 BTC at an average price of $89,851, bringing total holdings to about 13,131.82 BTC and ranking the firm 10th among publicly traded corporate holders.
- Management reported a quarter-to-date bitcoin yield near 21%, while ASST shares traded lower on the news to roughly $0.80–$0.81.