Strive Raises $500M for Bitcoin Buying Spree

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Strive, a Bitcoin-focused asset management firm, is raising $500 million via an at-the-market offering of its Variable Rate Series A Perpetual Preferred Stock (SATA). This stock offers a 12% dividend, yielding nearly 13%, and is similar to Strategys STRC. The funds will be used to buy more Bitcoin, signaling Strives long-term commitment to cryptocurrency.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.

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