The offering of SATA shares was oversubscribed and upsized from the initial $150 million target.
The company retired $110 million of the $120 million of legacy debt from recently acquired Semler Scientific Strive also increased its bitcoin treasury by 333.89 coins, bringing the total to roughly 13,132 BTC worth more than $1.
1 billion. Bitcoin treasury company Strive now has less debt and more bitcoin on its books after raising $225 million via an offering of its SATA preferred stock. The proceeds and exchanges enabled Strive to rapidly reduce leverage following its acquisition of Semler Scientific . The company retired $110 million of the $120 million of legacy Semler debt, including $90 million of convertible notes exchanged into SATA Stock and the full repayment of a $20 million Coinbase Credit loan. As a result, 100% of Strive’s bitcoin holdings are now unencumbered, with plans to retire the remaining $10 million of debt by April 2026, ahead of its original 12 month timeline. Strive also used some of the funds to acquire an additional 333.89 bitcoin at an average price of $89,851, bringing total holdings to 13,131 BTC and making it the tenth largest public corporate holder globally. Those holdings are worth more than $1.1 billion at bitcoin's current price of $89,100.AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence toPudgy Penguins is building a multi-vertical consumer IP platform — combining phygital products, games, NFTs and PENGU to monetize culture at scale.Pudgy Penguins is emerging as one of the strongest NFT-native brands of this cycle, shifting from speculative “digital luxury goods” into a multi-vertical consumer IP platform. Its strategy is to acquire users through mainstream channels first; toys, retail partnerships and viral media, then onboard them into Web3 through games, NFTs and the PENGU token. The ecosystem now spans phygital products , games and experiences , and a widely distributed token . While the market is currently pricing Pudgy at a premium relative to traditional IP peers, sustained success depends on execution across retail expansion, gaming adoption and deeper token utility. The FIDD token will run on Ethereum, serve institutional and retail users, and comply with the new GENIUS Act’s reserve rules.Fidelity Investments is launching its first stablecoin, the Fidelity Digital Dollar , based on the Ethereum network. FIDD will be backed by reserves of cash, cash equivalents, and short-term U.S. Treasuries managed by Fidelity, in line with the new federal GENIUS Act's standards for payment stablecoins. The stablecoin targets use cases such as 24/7 institutional settlement and onchain retail payments, putting Fidelity in direct competition with dominant issuers like Circle’s USDC and Tether’s USDT while laying groundwork for future onchain financial products.Tether is buying up to $1 billion of gold per month and storing it in a 'James Bond' bunker
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