Strive, Inc. (Nasdaq: ASST) said Monday its Bitcoin treasury has topped 15,000 BTC after it acquired 444 bitcoin for $33.9 million at an average price of $76,307 per coin.
Strive said it raised the dividend rate on its SATA preferred stock to 12.75%, narrowed the trading range guidance, and added 179 bitcoin to its balance sheet.
Investment bank B. Riley assigned Strategy Inc. (NASDAQ:MSTR) and Strive, Inc. (NASDAQ:ASST) Buy ratings and price targets of $175 and $12, respectively.
Strive ($ASST) plans to raise up to $150 million through a follow-on offering of its SATA preferred stock to retire convertible debt, buy more Bitcoin, and support corporate needs.
Strive has won shareholder approval to acquire Semler Scientific in an all-stock deal that adds more than 5,000 bitcoin to its balance sheet, lifting combined holdings to nearly 12,800 BTC.
PREDICT BITCOIN
