Strive Plans to Increase Bitcoin Holdings, Aims to Raise Up to 780 Billion Yen

Strive, an asset management company co-founded by former Republican presidential candidate Vivek Ramaswamy, announced on the 9th that it has signed a contract to issue and sell shares worth up to $500 million (approximately 780 billion yen).

The funds raised from this sale will be used for additional purchases of Bitcoin (BTC), which the company holds as part of its financial strategy, investments in Bitcoin-related products, and business capital.

The shares to be sold are variable interest rate Series A perpetual preferred shares 'SATA', with the contract companies conducting sales in the market (at-the-market offering). The background of this fundraising...