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Strive launches $450 million public offering to further increase bitcoin holdings

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2025-09-15 16:58:44
Bitcoin treasury company Strive (NASDAQ: ASST) has announced the launch of a $450 million public rights issue to increase its bitcoin holdings to increase the proportion of bitcoin contained in single shares. The rights issue is part of the company's total $950 million capital initiative, which also includes a $500 million share repurchase program to enhance balance sheet flexibility. Strive currently holds 69 bitcoins, worth approximately $7.90 million, and can refinance $750 million over the next 12 months through warrants. The company said it will issue preference shares to purchase additional bitcoins through a registration structure to increase shareholder bitcoin exposure and enhance shareholder value.
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