CryptoCointelegraphabout 2 hours ago
Strive Closes $630M Bitcoin Treasury IPO
2 min read
Strive, a Bitcoin treasury company led by CEO Matt Cole, closed its upsized IPO on Oct. 20, raising $630 million gross. The firm sold 7 million shares at $90 each, estimating net proceeds of $608.15 million. Strive intends to use funds for Bitcoin purchases, potentially acquiring 7,372 BTC to surpass Metaplanet's holdings.
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