Strive Plans $4.2 Billion ATM Expansion to Fund Bitcoin Treasury Purchases
By
Jake Simmons
10d ago· 3 min readenNews
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Summary
Strive, a Bitcoin treasury company, is seeking to expand its capital-raising capacity by $4.2 billion through increases to its ASST and SATA at-the-market programs ($2.1 billion each). CEO Matt Cole stated the expansion would provide greater flexibility to issue securities and direct proceeds toward Bitcoin purchases, extending one of the fastest BTC accumulation campaigns among public corporate holders. The ATM capacity does not guarantee the full amount will be raised.
Key quotes
· 3 pulledChief executive Matt Cole said the company expects to increase the size of both its ASST and SATA at-the-market programs by $2.1 billion each.
The proposed expansion would give Strive substantially more flexibility to issue securities into the market and direct proceeds toward its Bitcoin strategy.
ATM capacity does not mean the full amount has already been raised.
Strive is preparing to expand its capital-raising capacity by $4.2 billion as the Bitcoin treasury company looks to fund additional BTC buys.
