📍 Strive raises an additional $500M to buy Bitcoin – a new “MicroStrategy” is forming
📌 Strive has just announced a preferred stock offering program worth $500M, with the direct aim of accumulating more Bitcoin and expanding its BTC-related asset portfolio. This is the next step after the company has accumulated 7,525 BTC (~$694M), placing them among the businesses holding the most Bitcoin currently.
📌 The filing submitted to the SEC shows that the raised capital will be used for “general purposes,” but Strive emphasizes that the top priority is to increase the amount of BTC held, similar to MicroStrategy's treasury strategy: borrowing from the market to expand Bitcoin positions.
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