Strive ASST has significantly increased its bitcoin holdings by adding 6,182 BTC following its IPO of preferred stock, which raised over $600 million. This addition brings the company's total bitcoin holdings to 43,000 BTC, valued at approximately $3.44 billion at the current price of nearly $80,000. Additionally, Strive's cash reserves have increased to $504.4 million, which will be used to pay dividends on the preferred stock. However, ASST shares are down 2.9% in pre-market trading amid a recent decline in bitcoin's price.
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Strive ASST Expands Bitcoin Holdings After Successful IPO
This is the reported brief. The desk does not add a separate analysis that was not in the source check.
Original sourcecoindesk.comcoindesk.com
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