Strive Breaks Into Top 10 Bitcoin Treasuries After Major Debt Cleanup
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Financial service firm Strive Asset Management has solidified its spot among corporate Bitcoin heavyweights while cleaning up its balance sheet. The company’s chairman and CEO Matt Cole announced it has retired roughly 92% of the debt inherited from its Semler Scientific acquisition and added approximately 334 BTC to its treasury. https://twitter.com/ColeMacro/status/2016511468334907522 The move propels Strive into the top 10 corporate Bitcoin holders, according to market trackers. The purchase came on the heels of a preferred stock offering that the company framed as long-duration equity funding, avoiding new leverage. Upsized Raise Boosts Bitcoin Stack Investor demand for Strive’s Variable Rate
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