Strive, Inc., the newly formed company from the merger of Nasdaq-listed Asset Entities and Strive, has announced the establishment of its board of directors and unveiled a $950 million capital plan. This plan includes a $450 million at-the-market (ATM) offering and a $500 million stock buyback program aimed at increasing the company's per-share Bitcoin holdings.
Currently, Strive holds 69 BTC, valued at approximately $7.9 million, acquired through a stock-for-stock exchange under Section 351 of the U.S. Internal Revenue Code. The company plans to issue preferred stock using a shelf registration mechanism to further increase its Bitcoin holdings while maintaining its equity capital structure.
Strive, Inc. Announces $950 Million Capital Plan to Boost Bitcoin Holdings
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