Strive Plans $630 Million Raise Through Bitcoin Credit Instrument

Strive plans to raise $630 million through a new Bitcoin digital credit called $SATS, a financing initiative that could support a sizable Bitcoin treasury allocation. The $630 million target could fund a purchase of more than 7,500 Bitcoin (BTC); that figure describes potential purchasing capacity, not a completed transaction. The announcement concerns a capital raise; the BTC figure describes potential purchasing capacity, not a completed transaction. The proposal puts a large financing target and potential Bitcoin exposure in one corporate treasury story. For U.S. crypto readers, the central figures are the $630 million target and the more-than-7,500-BTC comparison.

Source: TokenPost