Bollcoin, October 26: According to U.S. SEC filings, Strive has entered into "at-the-market" (ATM) offering agreements with seven institutions including Cantor Fitzgerald and Barclays, planning to sell in tranches up to $1 billion in aggregate of its 15.00% Series A perpetual SATS preferred stock. Proceeds will be used for general corporate purposes, including purchasing Bitcoin and related products, supplementing working capital, and repurchasing shares. The SATS preferred stock carries a 15% annual dividend rate and a $100 per share liquidation preference; it completed its IPO on October 20, currently has 7 million shares outstanding, and closed at $94.88 on October 23. As of October 23, Strive held approximately 43,000 bitcoins at a total cost of $3.8 billion, an average purchase price of $87,785, and a fair value of $3.5 billion.