Strive plans to raise $150M to pay down debt and buy more Bitcoin - Source: CoinTelegraph

Strive, an asset manager co-founded by former US presidential candidate Vivek Ramaswamy in 2022, plans to raise as much as $150 million through an offering of preferred stock, with proceeds earmarked for debt repayment and Bitcoin purchases.

Strive said it plans to sell shares of its Variable Rate Series A Perpetual Preferred Stock, trading under the ticker SATA, according to a Wednesday announcement.

Story continues: https://cointelegraph.com/news/ramaswamy-strive-150m-preferred-stock-debt-bitcoin