Strive Doubles Down on Bitcoin With $500 Million Offering as Portfolio Slides Nearly 18%

Bitcoin treasury firm Strive has unveiled a $500 million at-the-market offering, with plans to allocate the funds toward broad corporate needs, including the purchase of Bitcoin (BTC). The announcement comes as the firm faces an unrealized loss of nearly 18% on its existing Bitcoin holdings amid the cryptocurrency’s downturn. Strive Targets Larger Bitcoin Holdings Despite Unrealized Losses In a recent press release, Vivek Ramaswamy’s firm revealed that it has entered into a sales agreement. This enables the company to issue and sell up to $500 million of its Variable Rate Series A Perpetual Preferred Stock (SATA Stock) through an at-the-market offering source: https://beincrypto.com/strive-raises-500-million-buy-bitcoin-despite-losses/