Strive completed a $630 million preferred-share offering by selling 7 million shares at $90 each, netting about $608 million after expenses. The company may use the proceeds for Bitcoin purchases, working capital, acquisitions, or share buybacks, but has not committed to any specific use. If all funds were spent on Bitcoin at $82,500 per coin, it could buy roughly 7,372 BTC. The preferred shares offer a 15% annual dividend, with the first payment scheduled for November 9.
Strive's $630 million preferred-share raise and potential Bitcoin purchase size provide context for cryptocurrency market activity. For readers following crypto assets, here is Pluang's market snapshot as of Oct 21, 2026 21:43 WIB: out of 50 major cryptocurrencies, 30 rose and 19 fell today. Notably, BAL gained 11.14% to Rp16.297 with a typical hold time of 85 days, EOS rose 8.13% to Rp12.649 with 87 days typical hold, and COMP increased 5.17% to Rp455.340, showing a buy-heavy order activity of 68% and a typical hold time of 98 days.
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