ASST surges from $17 to $793 with $150 million in Bitcoin investments, Adam Livingston notes

ASST surges from $17 to $793 with $150 million in Bitcoin investments, Adam Livingston notes
ASST climbs on Bitcoin investments, funding plan

Adam Livingston highlights the dramatic rise of ASST from $17 to $793. From May 1 to May 22, the company reported $150 million deployed into Bitcoin.

Livingston further examines a scenario where the firm could raise $100 million per month through SATA issuance, with preferred shares at a 13 percent cost and dividends paid through a designated platform.

In previous coverage, Livingston described SATA as a Bitcoin-based vehicle making daily payments as it challenges the U.S. dollar through speculation (full story). He has also reported that Bitcoin's composite relative strength versus major assets currently sits in the lowest 7th percentile recorded in 14 years (full story). The latest figures follow his ongoing tracking of Bitcoin’s role in comparative asset performance.

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