Strive, supported by Vivek Ramaswamy, plans to issue $150 million in variable-rate Series A perpetual preferred stock to fund its strategic initiatives. The capital raised will be allocated towards reducing debt, purchasing Bitcoin and related products, and supporting company growth. The preferred stock offers a 12.25% annual dividend with an adjustable mechanism and redemption clause. Strive has also secured approval to acquire Semler Scientific, which will add over 5,000 BTC to its holdings. This acquisition will elevate Strive's Bitcoin reserves to 12,798 BTC, positioning it as the 11th largest corporate Bitcoin holder globally.