Strive announced the issuance of perpetual preferred shares and reached a note exchange agreement with Semler, involving 2.25 million shares of SATA stock

According to Globenewswire, the publicly listed Bitcoin treasury company Strive announced plans to issue 1.32 million shares of Strive Variable Rate Series A Perpetual Preferred Stock (SATA), with an offering price of $90 per share, an increase from the previously announced $150 million transaction size.

In addition, Strive also expects to reach a private negotiation exchange agreement with certain Semler convertible bondholders, involving a total of $90 million, with these Semler convertible bonds exchangeable for approximately 930,000 newly issued SATA shares.