Strive Reduces Debt and Increases Bitcoin Holdings After $225 Million Stock Sale
- Strive raised $225 million through an upsized offering of its SATA preferred stock, exceeding the initial target of $150 million.
- The company retired $110 million of Semler Scientific’s legacy debt, including a $20 million Coinbase Credit loan.
- Strive acquired an additional 333.89 bitcoin at an average price of $89,851, increasing total holdings to 13,131 BTC.
- The current value of Strive’s bitcoin holdings exceeds $1.1 billion at a price of $89,100 per bitcoin.
- ASST shares are down by approximately 1.5%, trading at $0.81 early Wednesday.
Following the sale, Strive plans to eliminate the remaining $10 million in debt by April 2026, ahead of schedule, while ensuring that all bitcoin holdings are unencumbered.
With this recent acquisition and debt reduction strategy, Strive has solidified its position as the tenth largest public corporate holder of bitcoin, significantly enhancing its financial stability and asset base.
