Strive plans to expand its stock issuance to $4.2 billion
According to Cryptopolitan, Stripe plans to increase its ATM stock issuance plans for common stock and SATA preferred stock by $2.1 billion each, bringing the total size to $4.2 billion. If completed, the common stock plan will increase to $2.55 billion and the SATA preferred stock plan will increase to $2.6 billion. CEO Matt Cole stated that this move is due to increased liquidity and investor demand. Last week, Stripe increased its holdings of approximately 2649 bitcoins worth around $193 million within four trading days, of which 1179 were purchased on Friday. Currently holding approximately 16500 bitcoins, ranking seventh among listed companies. SATA preferred stock has an annualized dividend yield of 13%, with daily dividends starting from June 16th.