PANews reported on December 10th that, according to Globenewswire, Bitcoin asset reserve company Strive (NASDAQ: ASST; SATA) announced it has signed a sale agreement. Under the agreement, Strive may issue and sell its Series A variable-rate perpetual preferred stock, with a par value of $0.001 per share (“SATA Stock”), for a total offering price of up to $500 million (“ATM Program”). Strive intends to use the net proceeds from the ATM Program for general corporate purposes, including but not limited to: purchasing Bitcoin and Bitcoin-related products, using it as working capital, purchasing revenue-generating assets to expand the company’s business, making other capital expenditures, repurchasing its Class A common stock, and/or repaying debt. Strive may also use these proceeds to fund the acquisition of businesses, assets, or technologies complementary to its current business.