Strive Announces Board of Directors and Initial Bitcoin Strategy

Core Insights - Strive, Inc. is positioned as the first publicly traded asset management Bitcoin treasury company, focusing on increasing Bitcoin per share and outperforming Bitcoin over the long term [4][8]. Company Strategy - The company began with 69 Bitcoin acquired through a Section 351 exchange during its merger with Asset Entities, Inc. It plans to enhance its Bitcoin strategy using proceeds from a $750 million financing round announced in May 2025, with a potential additional $750 million from warrant exercises [2][4]. - Strive has filed a S-3 ASR shelf registration, allowing it to raise additional capital through various financing tools, including a stock repurchase program of up to $500 million, contingent on market conditions [3][4]. Board of Directors - The board is composed of experienced Bitcoin executives, emphasizing the importance of a mission-aligned board for achieving the company's goals in Bitcoin treasury management [4][7]. Financial Instruments - Strive aims to leverage its shelf registration to issue publicly registered perpetual preferred equity securities to purchase additional Bitcoin, which is expected to amplify Bitcoin exposure for common equity shareholders while providing attractive risk-adjusted income opportunities for yield-focused investors [5][6]. Market Position - Since launching its first ETF in August 2022, Strive Asset Management has grown to manage over $2 billion in assets, indicating a strong market presence and investor interest [9].