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Strive's Bitcoin funding via preferred shares stalls as stock price falls below $100

Market News
11 Oct 2026, 08:00 WIB
Cointribune
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Bearish
Strive's Bitcoin funding via preferred shares stalls as stock price falls below $100

Strive raised about $55 million this week through its SATA preferred shares program, enough to buy nearly 638 bitcoins. However, the company's ability to continue this funding method depends on its stock price staying above the $100 nominal value. Since the stock fell below $100 from Wednesday onward, new issuances have been halted, limiting further bitcoin purchases. This model, inspired by Strategy's approach, carries risks including increased future dividend obligations and exposure to bitcoin price fluctuations. Strive currently holds over 29,000 bitcoins, but its funding strategy only works if investors buy shares above nominal value.

Strive's Bitcoin financing model is the subject, with Pluang market data providing context. For readers following cryptocurrency trends, here is Pluang's market snapshot as of Oct 11, 2026 11:01 WIB: of 50 major cryptocurrencies priced on Pluang, 16 rose and 33 fell today. Notable movers include SXP (Solar) down 46.27% at Rp37, BAL (Balancer) up 11.14% at Rp16.297, and EOS (EOS.IO) up 8.13% at Rp12.649.

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