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Strive Raises $700M for Bitcoin Via Preferred Stock

Original: Strive's Jeff Walton Explains $700M Bitcoin Preferred Stock Raise as Credit Spreads Widen Strive raised $700M for Bitcoi

Strive, the asset management firm, has raised $700 million through its SATS preferred stock offering to fund Bitcoin purchases, according to chief research officer Jeff Walton. Walton said widening high-yield credit spreads pushed investors toward Bitcoin exposure, with the raise positioning Strive as a growing corporate Bitcoin holder at a time of tightening credit conditions.

Why now: Investors are watching how corporate Bitcoin treasury vehicles respond to changing credit market conditions.

StriveJeff WaltonBitcoinSATS preferred stock

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Evidence

• Strive's Jeff Walton Explains $700M Bitcoin Preferred Stock Raise as Credit Spreads Widen Strive raised $700M for Bitcoin through its SATS preferred stock offering, CRO Jeff Walton says, as high-yield credit spreads widened and capital sought Bitcoin exposure. https://… · newisty

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