Strive buys $511M in bitcoin, unveils $1B stock program
Strive purchased $511 million in bitcoin and announced a new $1 billion preferred stock offering program.
Strive completed a bitcoin purchase totaling $511 million. This acquisition places the company within 1,000 BTC of second-place Metaplanet in corporate holdings.
In a separate announcement, Strive unveiled a new preferred stock offering program. The program is valued at $1 billion.
The proximity to Metaplanet underscores the competitive landscape among major corporate bitcoin holders. The new stock offering provides a mechanism for raising additional capital. No further details were provided regarding the timing of the stock issuance or specific allocation plans.
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