Strive Announces Board of Directors and Initial Bitcoin Strategy

▤ Summary

Strive announced its full board of directors and outlined its Bitcoin treasury strategy. The company said it began with 69 Bitcoin and plans to keep accumulating Bitcoin using proceeds from its financing, warrants, ATM program, and potential debt or preferred equity offerings. It also approved a $500 million stock repurchase program to preserve balance sheet flexibility. Strive positions itself as a publicly traded asset management Bitcoin treasury company focused on increasing Bitcoin per share over time.

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