Strive, a publicly traded Bitcoin treasury company and asset manager co-founded in 2022 by entrepreneur and politician Vivek Ramaswamy, has launched a $500 million stock sale program aimed at significantly increasing its Bitcoin accumulation strategy.
The firm said the net proceeds will be used for general corporate purposes, including buying Bitcoin, Bitcoin-related products, and strengthening working capital. Strive also intends to acquire income-generating assets, though it has not specified which sectors it is targeting.
The move aligns with the growing trend of publicly traded companies using capital markets to build large Bitcoin treasuries, a strategy made famous by Michael Saylor’s MicroStrategy. Strive already holds 7,525 BTC—worth about $694 million—ranking it as the 14th-largest corporate Bitcoin holder globally.
The company has expanded aggressively since its 2022 ETF debut and now manages over $2 billion in assets. Its shares gained 3.6% on Tuesday to close at $1.02, continuing a rally that has seen the stock more than double this year.
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