Strive Buys $335 Million in Bitcoin, Plans Preferred Stock Sale
Edited by Steinar Vigdel Kolnes, Editor, Oslo
Nasdaq-listed Strive purchased $335 million in Bitcoin after warrant exercises brought in $369 million, and plans a $630 million preferred stock sale.
Strive, a Nasdaq-listed company that holds Bitcoin, has purchased $335 million worth of the cryptocurrency, according to Decrypt.
The purchase followed warrant exercises that generated $369 million for the company. Those proceeds came from holders exercising their warrants.
Strive also plans to sell $630 million of preferred stock carrying a 15% rate. The planned offering would represent a separate fundraising step.
Source: Decrypt
