Strive Plans to Buy 20,000 Bitcoin Following $630 Million Capital Raise

Strive plans to acquire approximately 20,000 additional Bitcoin for its corporate treasury as part of a targeted 50% expansion of its balance sheet, driven by institutional demand for digital credit solutions. The announcement follows the firm's closure of a $630 million preferred-share offering on Oct. 20, which generated an estimated $608.15 million in net proceeds through the sale of 7 million SATS shares at $90 each. While the company previously left the exact allocation unspecified, deploying the full net proceeds could secure about 7,372 Bitcoin at $82,500 per BTC.