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Benzinga
Benzinga
Business
Akanksha Bakshi

Strive Taps Crypto Veterans To Guide $1.5 Billion Bitcoin Treasury Expansion

STRIVE Bitcoin ASST
Golden,Ray,Of,Light,Illuminate,A,Bitcoin,,The,Money,Of

Strive Inc. (NASDAQ:ASST) shares tumbled sharply Monday as investors digested the company’s aggressive Bitcoin (CRYPTO: BTC/USD) accumulation plan. The company, having just completed its merger with Asset Entities Inc., had earlier outlined a strategy featuring $750 million in upfront financing and another $750 million in potential warrant-driven funds.

The merger delivered Strive an initial stake of 69 Bitcoin via a Section 351 exchange. It also enabled Strive to qualify as a well-known seasoned issuer, giving it access to tools such as a $450 million at-the-market offering and possible debt issuances.

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