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Strive Taps Crypto Veterans To Guide $1.5 Billion Bitcoin Treasury Expansion
Yahoo Financeยท 2025-09-15 16:00
Group 1 - Strive Inc. shares fell sharply by 17.48% to $7.006 as investors reacted to the company's aggressive Bitcoin accumulation strategy [1][5] - The company completed a merger with Asset Entities Inc., which provided an initial stake of 69 Bitcoin and access to $450 million at-the-market offerings [2] - Strive's board includes experienced Bitcoin strategists, enhancing its governance and digital asset strategy capabilities [3] Group 2 - The company has authorized a $500 million stock buyback program and plans to issue a perpetual preferred equity security in 2025 to support Bitcoin purchases [4] - Concerns about dilution, execution uncertainties, and regulatory risks have contributed to the decline in share price despite the ambitious strategy [4]