Funding
Strive Raises $1 Billion through Preferred Stock Offering
Strive, a company with a growing interest in cryptocurrency, announced plans to raise up to $1 billion through an at-the-market offering of its 15% Series A Perpetual SATS Preferred Stock. The company's latest Bitcoin acquisition, totaling 43,000 BTC, brings its holdings close to those of its competitors, including Twenty One Capital and Metaplanet. The proceeds from the offering could be used for various purposes such as supporting Bitcoin treasury strategy, acquisitions, and share repurchases.