Strive Raises $160 Million for Bitcoin Expansion via Upsized IPO

Strive, a cryptocurrency asset management firm based in Dallas, has successfully launched an upsized initial public offering (IPO) for its Variable Rate Series A Perpetual Preferred Stock, raising approximately $160 million. The company raised this capital to significantly expand its Bitcoin holdings and pursue strategic acquisitions in the cryptocurrency market. proceeds from the IPO will be allocated towards investing in Bitcoin directly and acquiring related products. The firm intends to use the funds to strengthen its investment strategy, focusing on long-term growth within the Bitcoin ecosystem.