Strive Launches $450 Million Public Offering to Further Increase Bitcoin Holdings

 Bitcoin treasury company Strive (Nasdaq code ASST) announced the launch of a $450 million public offering plan to increase its Bitcoin holdings and raise the proportion of Bitcoin per share. This issuance is part of the company's total $950 million capital initiative, which also includes a $500 million stock buyback plan to enhance balance sheet flexibility. Strive currently holds 69 Bitcoins, worth approximately $7.9 million, and can raise an additional $750 million in the next 12 months through warrants. The company stated that it will issue preferred shares through a registration structure to purchase additional Bitcoins, increasing shareholder exposure to Bitcoin and enhancing shareholder value.