Crypto · News reference
Strive, Inc. CEO stated that institutional adoption of Bitcoin is expected to reach widespread levels within four years.
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Strive, Inc. has entered into a sales agreement to issue and sell up to $1.0 billion of its 15.00% Series A Perpetual SATS Preferred Stock through an at-the-market (ATM) offering program.
Strive stock surged 20.5% this week after completing a $630 million preferred stock offering to fund Bitcoin acquisitions. The company purchased 4,045 Bitcoins, bringing total treasury holdings to 36,818 coins worth approximately $3 billion. However, analysts caution that the stock trades at a 40% premium to its net asset value, making direct Bitcoin ETF investments a potentially better option for most investors.
Bitcoin may gain corporate demand as Helm urges 1%-2% cash allocations, while institutional adoption and treasury consolidation could fuel its next bull