Strive Plans to Boost Bitcoin Holdings with Preferred Share Issuance

Nasdaq-listed asset management firm Strive is preparing to raise capital by issuing 1.25 million preferred shares named SATA. The proceeds from the offering will be used to expand their Bitcoin holdings and fuel business growth. The company may also allocate a portion of the funds to income-generating assets, working capital, or repurchase common stock. Strive currently holds approximately 6,000 Bitcoins, with a current market value estimated at $637 million based on current prices.