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Strive Asset Management plans to issue $500 million in preferred stock to increase its Bitcoin holdings, having purchased 13 times more than Strategy in the preceding two weeks.
Strive Asset Management (Nasdaq: ASST) announced plans to issue 5 million new preferred shares at $100 per share, aiming to raise a total of $500 million, with proceeds to be used for further Bitcoin purchases. This follows Strive's acquisition of 3,311 Bitcoins between October 5 and 9 for approximately $280 million, at an average price of about $84,500, bringing its total holdings to 32,773 Bitcoins, valued at approximately $2.73 billion. During the same period, Michael Saylor's Strategy company purchased 250 Bitcoins, worth about $21.5 million. Strive's Bitcoin purchases in the past two weeks were 13 times that of Strategy, making it the most aggressive Bitcoin buyer currently. Strategy still holds 848,250 Bitcoins, valued at approximately $51 billion, remaining the largest Bitcoin holder.
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