Is Strive (ASST) Stock Worth Watching After Another Big Bitcoin Buy?

Strive (ASST) closed at $27.60 on Tuesday and announced a new preferred stock, SATS, with a 15% fixed dividend. The company plans to raise $500 million by selling 5 million SATS shares at $100 each. Strive bought 3,311 bitcoin last week, lifting its total to 32,773 BTC, and investors exercised $208 million in warrants.