- Strive is launching a $500 million preferred stock offering to acquire Bitcoin and related digital asset products.
- The company currently holds 7,525 BTC worth $694 million, ranking as the 14th-largest corporate Bitcoin holder.
Strive, the publicly traded asset manager co-founded by entrepreneur Vivek Ramaswamy, made an announcement this week of a huge fundraising campaign aimed at deepening its Bitcoin holdings. The company is going to open a preferred stock offering to raise $500 million, signalling yet another audacious move by corporate treasuries that are warming up to cryptocurrency investments
The company indicated that the money would be used to cover a variety of corporate expenses, among them the purchase of Bitcoin and related products, while also keeping the operational working capital at the usual level. Strive further intends to buy income-generating assets to fuel the growth of its business, but it did not reveal any specific investment targets in the press release.
Growing Bitcoin Treasury Strategy
Strive is now a top 20 corporate Bitcoin holder, with its treasury holding 7,525 BTC. The company changed its business model and strategy by going through a reverse merger in May
Last month, Strive revealed that it had inked a purchase deal with Semler Scientific, thereby making the merged entity one of the leading corporate Bitcoin holders worldwide. This strategic merger is a clear indication of Strive’s intention to increase its cryptocurrency reserves significantly and to broaden its market reach in the digital asset sector.
After its first exchange-traded fund was launched in August 2022, Strive Asset Management has grown impressively and now manages more than $2 billion in total assets. The company’s stock rallied on the news, adding 3.6% on Tuesday to end at $1.02 per share. Strive shares have more than doubled from the beginning of the year, which is a clear indication of the investors’ trust in the Bitcoin treasury strategy and the general business direction
CEO of Strive, Matt Cole, questioned the logic of MSCI’s proposal to exclude companies that have more than 50% of crypto assets on their balance sheets earlier this month. Cole asked the stock market index provider to let the market decide whether Bitcoin treasury companies are suitable for passive investment portfolios. This support by the CEO exemplifies the ongoing debates about the position of cryptocurrency in the traditional investment frameworks and the eventual institutional acceptance of digital assets as viable treasury reserves.
Highlighted Crypto News Today:
NFT Market Faces Steepest Decline as Sales Plummet to Year’s Low
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Over the past 24 hours, the entire network has experienced liquidations of $359 million, with long liquidations accounting for over 80% of the total.
Gate News Reports: On March 22, the total liquidation volume in the cryptocurrency market over the past 24 hours reached $359 million, with long liquidations at $293 million and short liquidations at $65.428 million. BTC liquidations reached $139 million, and ETH liquidations reached $108 million. A total of 119,490 traders were liquidated over the past 24 hours. The largest single liquidation occurred on a certain CEX's BTC-USDT-SWAP trading pair, valued at $10.0182 million.
GateNews11m ago
Bitcoin and Stocks Need to Confirm First: The Real Altcoin Recovery Timeline
The current crypto market continues to struggle without a clear altseason, as Bitcoin remains in a sideways trend. Analysts suggest that until Bitcoin shows a confirmed bullish structure and macroeconomic conditions improve, altcoins will likely remain stagnant. Speculation points to potential recovery in Q3 to Q4 rather than the earlier hoped-for timeline.
CaptainAltcoin22m ago
Bitcoin Decouples From S&P 500 as Retail Demand Weakens
Bitcoin retail activity has decreased by 10%, the lowest since January 2025, indicating weaker market participation. The advent of ETFs has shifted retail access off-chain, while Bitcoin has diverged from the S&P 500, marking its longest decoupling since 2020 amid a correction phase.
CryptoFrontNews36m ago
BTQ Deploys First Bitcoin Quantum Testnet With BIP-360
_BTQ launches Bitcoin Quantum testnet with BIP 360, introducing Pay to Merkle Root and enabling quantum resistant transaction testing._
BTQ Technologies has launched a new step in Bitcoin-focused research with a working quantum test environment.
The company confirmed that it deployed Bitcoin I
LiveBTCNews43m ago
Morgan Stanley Files Bitcoin ETF Update, Reveals “MSBT” Ticker
_Morgan Stanley files S-1 update for spot Bitcoin ETF confirming MSBT ticker for NYSE listing pending approval._
_Proposed ETF offers Bitcoin exposure through brokerage accounts without direct asset custody for investors._
_ETF shares to begin trading after notice of issuance with
LiveBTCNews1h ago
$219M Exits Spot Bitcoin and Ether ETFs as Inflow Momentum Breaks
U.S. crypto ETFs experienced significant outflows as Bitcoin and Ether saw decreased demand. Investors withdrew $219.2 million, marking a shift from recent inflows. Both assets have declined in value, raising concerns about the market's momentum.
LiveBTCNews1h ago
