Wu said that Strive has announced the launch of an AT-The-Market (ATM) issuance plan for SATA shares with a scale of up to $500 million. Strive said the proceeds will be used for general corporate purposes, including increasing its holdings in Bitcoin and related products, working capital, purchasing income assets, repurchasing Class A common shares and repaying debt, and may be used to acquire related businesses or technologies. The company has filed an offering supplemental document with the SEC on December 9. Strive held approximately 7,525 Bitcoins as of November 7.