Strive voit son financement Bitcoin ralenti par la chute de son action préférentielle
Le programme d’actions préférentielles SATA de Strive aurait levé environ 55 millions de dollars cette semaine, de quoi acheter près de 638 bitcoins. Ce financement dépend toutefois du maintien du titre au-dessus de sa valeur nominale de 100 dollars, seuil sous lequel il est repassé mercredi, ce qui bloque de nouvelles émissions. Au 2 octobre, Strive détenait 29 462 bitcoins et avait émis des actions préférentielles supplémentaires, illustrant les risques de son modèle inspiré de Strategy.
Strive’s SATA preferred-share ATM program can raise capital only while the stock trades at or above its $100 par value. This week it cleared that threshold Monday and Tuesday but fell below on Wednesday, blocking new issuance. Trackers estimate about $55 million was raised, enough for roughly 638 bitcoins.
As of Oct. 2, Strive held 29,462 bitcoins and had issued 1,304,902 additional preferred shares between Sept. 25 and Oct. 2, with par value above $130 million. On Sept. 30, annualized obligations were estimated at $168.2 million against $1.294 billion of par-value securities. Its 28,000 BTC carried an average cost of $90,170; 2,000 more were bought near $84,422.
Strive’s reliance on above-par preferred sales may affect retail and institutional investors holding SATA, because a drop below $100 can pause Bitcoin purchases and pressure dividend coverage. If similar treasury models spread, crypto markets could become more sensitive to equity-price thresholds, potentially influencing employees, creditors, and savers exposed to Bitcoin-linked firms. The outcome may depend on investor demand and Bitcoin’s price.