Bitcoin (BTC) treasury news: Strive (ASST) cleans up balance sheet, adds more BTC

Bitcoin (BTC) treasury news: Strive (ASST) cleans up balance sheet, adds more BTC

The offering of SATA shares was oversubscribed and upsized from the initial $150 million target.

Strive becomes top 10 corporate Bitcoin holder after latest BTC buy and debt cut

Vivek Ramaswamy–founded Strive, has added over 333 Bitcoin to its corporate treasury, making it the 10th largest corporate holder of the bellwether cryptocurrency. Simultaneously, Strive announced it had retired 92% of the debt it inherited through its recent acquisition of…

Strive retires most debt and buys 334 Bitcoin

Strive said it used proceeds from a preferred stock sale to retire most of Semler’s debt and buy an additional 334 BTC. It cleared 92% of the debt it inherited after officially completing its acquisition of Semler Scientific on January 13. The company said Wednesday that investor demand for its SATA offering reached $600 million, prompting it to increase the target raise from $150 million to $225 million. The raise was part of its strategy to tr…

Strive buys 334 BTC, shaves most debt from Semler Scientific deal

Strive has now become one of the top 10 largest corporate Bitcoin holders, with a treasury of 13,132 BTC, worth $1.17 billion.

Strive Buys Bitcoin, Pays Off Debt from Semler Scientific Deal

Vivek Ramaswamy-backed Strive disclosed a rapid post-merger milestone: it has retired about 92% of the debt it inherited from Semler Scientific and expanded its Bitcoin position after closing a preferred stock offering earlier this month. The company said it has added another 334 BTC to its balance sheet and is directing proceeds from the sale of Variable Rate Series A Perpetual Preferred Stock (SATA) toward debt reduction, Bitcoin accumulation,…