Strive, the asset management company owned by Vivek Ramaswamy, announced the offering of preferred shares worth $500 million, which will be used to purchase additional Bitcoin balances.
According to data from BitcoinTreasuries, Strive currently owns 7,525 bitcoins worth $695.93 million, making it the 14th largest institutional holder of bitcoin.
With the recent announcement of the stock sale, Strive intends to use the proceeds for “general operational purposes,” which includes “acquiring additional balances of Bitcoin and related products, and enhancing operating cash balances.”
The company also plans to purchase yet-to-be-determined “return-generating assets” and finance the acquisition of certain commercial projects and technologies.
Strive Announces $500,000,000 SATA At-The-Market (ATM) Program.
The program builds on the success of SATA’s augmented IPO offering and will provide the company with additional capital for general corporate purposes, including acquiring more Bitcoin.
Since 11/7/25, we HODL…– Strive (@strive) December 9, 2025
Striving to follow the path of Bitcoin vault institutions.
Stryve first announced plans to purchase Bitcoin balances last May through a merger, and later revealed plans to acquire 75,000 Bitcoins, worth more than $8 billion at the time, through claims related to the bankruptcy of digital currency trading platform Mt. Gox.
Stryve’s recent decision to purchase additional amounts of Bitcoin reflects Michael Saylor’s strategy, becoming another public company focused on increasing the share of Bitcoin it owns.
The company also urged index provider MSCI to reconsider its plan to exclude digital asset treasuries (DATs) from its list of global indices, with Strive submitting a 7-page letter to MSCI’s chairman noting that the proposal threatens to exclude long-term investors from major investment markets.
Strive stock price rises 3.57% amid recent developments sparking investor enthusiasm
The company’s actions have witnessed [NASDAQ: ASST] It increased by 3.57% yesterday, Tuesday, to reach $1.12 before falling back to $1.02.
According to the company’s stock market data, its price has fluctuated over the past 52 weeks between its high of $13.42 and its low of $0.34, making it a good investment opportunity. Such fluctuations can provide favorable buying opportunities to take advantage of the decline.
The article Strive Asset Management Company Offers $1 Million worth of Stock for Sale in Aim to Buy More Bitcoin (BTC) appeared first on Cryptonews Arabic.