Strive don start sell preferred shares worth $500M to buy more Bitcoin
Strive Asset Management don announce say dem go issue $500 million preferred stock make dem take raise fund for more Bitcoin purchases, working capital, share buybacks and to buy income-generating assets. Di firm — wey Vivek Ramaswamy co-found and wey shift to Bitcoin-treasury strategy through one reverse merger for 2025 — get now 7,525 BTC (about $695m) and dey manage over $2 billion AUM since dem launch ETF for 2022. Strive talk say money go dey used for “general corporate purposes,” and dem clear say e include Bitcoin and related products. The move resemble a treasury-led accumulation model wey dey use equity issuance to buy BTC. The announcement come after Strive publicly oppose MSCI proposal wey wan exclude companies wey get crypto treasuries pass 50% of assets from big indices — change wey fit cause big passive outflows from index-tracking funds starting February 2026. Traders suppose note say if dem fully deploy the $500m into BTC e go seriously expand Strive holdings and concentrate corporate demand; market reaction to similar equity-funded Bitcoin buys don differ, with some treasury-style listings seeing sharp share volatility on debut.
Bullish
Direct corporate demand for Bitcoin dey bullish for BTC price. Strive put $500M preferred stock offering wey explicitly list Bitcoin and related products as uses of proceeds; if large part na dem deploy am into BTC, e go increase buy-side pressure and tighten available supply. Strive already get 7,525 BTC and dey manage over $2bn AUM, so big additional purchases go matter for market. The move also show say equity issuance still be viable on-ramp to accumulate BTC — fit encourage similar corporate treasury strategies. Counter factors include potential share-price volatility for issuers, uncertain deployment timing (proceeds fit use for other corporate purposes), and the MSCI debate: if MSCI exempt high-crypto-treasury firms from major indices, passive flows fit reverse and create selling pressure for equities (not BTC directly) starting Feb 2026. Overall, immediate price impact on BTC likely positive (short-term buy pressure) and supportive longer term by concentrating corporate demand, though actual magnitude depend on how much of the $500M dem allocate to Bitcoin and market liquidity at execution.