According to 528btc, listed asset manager Strive Asset Management has announced a $500 million stock offering to fund further Bitcoin purchases, reinforcing the trend of corporate treasuries turning to capital markets for direct investment in the largest cryptocurrency. The company plans to use the net proceeds for general corporate purposes, including acquiring Bitcoin and Bitcoin-related products, as well as working capital. Strive, co-founded by Vivek Ramaswamy in 2022, transitioned to a Bitcoin treasury model earlier this year and currently holds 7,525 Bitcoin, valued at approximately $694 million. The stock price rose 3.57% following the announcement, reflecting growing investor demand for equities tied to Bitcoin accumulation strategies.
Strive Announces $500M Stock Offering to Expand Bitcoin Holdings
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