Strive Plans $150 Million Preferred Stock Offering to Expand Bitcoin Holdings and Cut Debt
Asset manager Strive has unveiled a $150 million follow-on sale of its Variable Rate Series A Perpetual Preferred Stock to support additional Bitcoin purchases and reduce outstanding debt, while holding about 12,798 BTC as of January 16. The move coincides with what CryptoQuant identifies as a record long-term Bitcoin supply release in 2024–2025 and continued whale accumulation despite elevated leverage and market volatility.