Asset management company Strive raises $160 million to increase the position in Bitcoin, with its stock price rising 25% in two days.

2025-11-06 13:00:34

[Coin World] The asset management company Strive (ASST) holds 5,958 BTC, ranking 17th on the list of publicly listed companies holding coins. Recently, they made a big move - they have expanded the IPO size and are preparing to issue 2 million shares of Series A floating rate perpetual preferred stock, priced at $80 each, with a goal of raising $160 million.

This round of financing will close in mid-next month, and the terms are quite attractive: an annualized dividend of 12%, credited to the account monthly. What to do with the money? Mainly to continue hoarding coins, and the rest will depend on how the company spends it.

After the news broke, the market reacted strongly, with the stock price jumping 17% on Wednesday and rising another 8% in pre-market trading on Thursday, now standing at $1.58. Given this momentum, the market seems to be quite supportive of their bet on Bitcoin.

BTC-2,05%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

18 Likes