Bitcoin treasury company Strive announced the launch of a $500 million stock issuance plan

The Bitcoin treasury company Strive announced the launch of an At-The-Market (ATM) stock issuance program with a maximum scale of up to $500 million. The funds raised will be used for the acquisition of Bitcoin and related products, operating capital, purchasing income-generating assets, capital expenditures, repurchasing Class A common stock, and repaying debt, among other general corporate purposes. It may also be used for acquiring complementary businesses or technologies. The company submitted a supplemental filing for the issuance to the SEC on December 9.

As of November 7, Strive holds approximately 7,525 Bitcoins, and its wholly-owned subsidiary Strive Asset Management currently manages over $2 billion in assets.