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Strive-Affiliated Vehicle SATA Secures Capital to Potentially Buy Over 680 Bitcoin

Strive-affiliated investment vehicle SATA has raised enough capital to potentially purchase more than 680 Bitcoin this week. The vehicle's estimated daily acquisition capacity equals roughly 75% of the average daily new supply produced by Bitcoin miners globally. The development follows a capital raise by asset manager Strive the previous week to facilitate the purchase of more than 1,270 Bitcoin, which initiated accumulation through the SATA structure while positioning STRC close to its $100 par value.

Category

Bitcoin

Sentiment

Bullish

Event

Corporate action

Reading time

1 min