STRIVE EXPANDS $630M BITCOIN OFFERING IN POTENTIAL TREASURY BUILDUP
Strive (NASDAQ: $ASST) has increased its $SATS preferred stock offering to $630 million, signaling its continued push to raise capital and grow its treasury.
▪️ 7 million shares priced at $90 each
▪️ 15% annual dividend based on a $100 stated value
▪️ Indicative yield of 16.67% at the offering price
₿ A POTENTIAL BOOST TO ITS TREASURY
Strive currently holds 35,595 BTC. The additional capital could significantly expand its Bitcoin reserves, although the company may use the proceeds for other purposes.
Could Strive emerge as a major player in corporate Bitcoin treasuries?
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