Digital Asset Treasury (DAT) firm Strive (Nasdaq: ASST) is following the Strategy playbook, now issuing its own variable rate preferred stocks, per a company announcement. The company will sell 1.25 million shares of Variable Rate Series A Perpetual Preferred Stock, or “SATA,” in an initial public offering subject to market conditions. Proceeds will fund bitcoin purchases, income-producing assets, stock buybacks, working capital, and debt repayment. Strive may also use funds for acquisitions. Similar to ...