Strive raises $160 mn to fund Bitcoin purchases
Strive (ASST) increased its preferred stock offering by 38% to $160 million, selling 2 million shares at $80 each to fund Bitcoin purchases. The ASST stock carries a 12% annual dividend and supports Strive’s plan to raise BTC holdings from 6,000 to 11,000 following its Semler Scientific merger. Shares jumped 9% premarket as retail sentiment on Stocktwits turned bullish.