BBX News: Yesterday, Strive continued to purchase BTC through SATA preferred stock financing, while Trump Media abandoned its ETF and returned to its holding strategy.
Core points:
——Strike (NASDAQ: ASST): Purchased 381.61 BTC (average price $79348, approximately $30.3 million) from May 13th to 18th, with 15391 coins in the treasury worth approximately $1.1 billion; SATA 13% annualized, daily payment starting from June 16th; BTC Yield YTD 18.4%; TD Cowen target price $30, H.C. Wainwright target price $38.
——Trump Media (NASDAQ: DJT): Withdrawal of three crypto ETF S-1 (Bitcoin/Bitcoin+ETH/Crypto Blue Chip) on May 19th; Propose to reapply for the '40 Act'; Bloomberg: MSBT 0.14% rate makes new entrants uncompetitive; The total AUM of Yorkville's existing themed ETFs is only about $46 million.
Source: bbx.com