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Strive raises $8.1M daily to buy Bitcoin despite 50% price drop, aiming for 175,000 BTC total.

Market News
03 Jun 2026
Crypto Briefing
View Source
Bullish
pluang ai news

Strive, a Nasdaq-listed asset management firm, continues to raise $8.1 million daily through its SATA perpetual preferred stock program even as Bitcoin prices have fallen 50%. The funds raised are used to buy Bitcoin, with current holdings between 14,557 and 19,000 BTC. Strive plans to issue enough shares to acquire up to 175,000 additional Bitcoin, potentially totaling $15.5 billion in issuance. This strategy shows strong investor demand for Bitcoin exposure despite the bear market and provides a significant buffer for dividend obligations, signaling financial sustainability and growth potential for investors.

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