WuTalk has learned that publicly listed Bitcoin treasury company Strive has announced the launch of a SATA stock At-The-Market (ATM) offering plan with a maximum size of $500 million. Strive stated that the funds raised will be used for general corporate purposes, including increasing Bitcoin and related product holdings, working capital, purchasing income-generating assets, repurchasing Class A common stock, and repaying debt, and may also be used to acquire related businesses or technologies. The company submitted a supplemental issuance document to the SEC on December 9. As of November 7, Strive held approximately 7,525 Bitcoins.