Strive to raise $150M via Series A perpetual preferred to buy Bitcoin and reduce debt

Strive, a prominent entity in the digital asset space, announced on January 22 its intention to raise $150 million through a Series A perpetual preferred share offering (SATA). The capital infusion is earmarked for two primary objectives: the strategic acquisition of additional Bitcoin and the reduction of existing debt, as reported by Cryptobriefing. This financial maneuver closely follows the recent shareholder approval for Strive's acquisition of Semler Scientific, a transaction anticipated to finalize imminently. The integration of Semler Scientific is projected to significantly bolster Strive's Bitcoin holdings by over 5,000 BTC, elevating its total reserves to an impressive 12,798 BTC.