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Strive’s SATA Tops Estimated 490 Bitcoin in a Single Day — More Than the Entire Daily Mining Supply

Bitcoin Magazine2h agoUpdated 1h ago
Strive’s SATA Tops Estimated 490 Bitcoin in a Single Day — More Than the Entire Daily Mining Supply
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Strive's SATA preferred stock program acquired approximately 490 Bitcoin in a single day, surpassing the entire Bitcoin network's daily mining output of roughly 450 BTC. The Dallas-based corporate treasury company generated $35.3 million in proceeds at $74,956 per coin. SATA has become a major institutional Bitcoin accumulator, holding 16,500 BTC total through innovative equity financing structures that bypass traditional debt mechanisms.

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