Strive Introduces $500 Million Preferred Stock ATM Initiative
Sales Agreement: Strive Asset Management (ASST) has signed a sales agreement to sell up to $500 million in shares of its Variable Rate Series A Perpetual Preferred Stock (SATA).
Use of Proceeds: The net proceeds from the sale will be allocated for general corporate purposes, including the acquisition of bitcoin and related products, as well as working capital.
Potential Investments: The funds may also be utilized for purchasing income-generating assets or for company acquisitions.
Market Reaction: ASST's stock price saw a slight decline of 0.9% in premarket trading, dropping to $1.01.
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Strive, Founded by Vivek Ramaswamy, Unveils $500 Million Preferred Stock Offering Aimed at Bitcoin Acquisition
Strive Inc. Offering: Strive Inc. announced an at-the-market offering to issue up to $500 million of its Variable Rate Series A Perpetual Preferred Stock, with proceeds aimed at purchasing Bitcoin and expanding operations.
Corporate Strategy: The company plans to use the funds for general corporate purposes, including acquiring income-generating assets, as it seeks to enhance its Bitcoin treasury, which currently holds 7,525 BTC valued at approximately $679 million.
Market Performance: Strive's SATA shares experienced a 2.00% increase in after-hours trading, following a regular session close of $90.20, while Bitcoin was trading at $90,167.58, reflecting a 2.68% rise over the last 24 hours.
Background Context: Earlier this year, shareholders approved a reverse merger with Asset Entities Inc., creating a public Bitcoin treasury company with potential funding of $1.5 billion, positioning Strive as a significant player in the cryptocurrency market.
Strive Introduces $500 Million Preferred Stock ATM Initiative
Sales Agreement: Strive Asset Management (ASST) has signed a sales agreement to sell up to $500 million in shares of its Variable Rate Series A Perpetual Preferred Stock (SATA).
Use of Proceeds: The net proceeds from the sale will be allocated for general corporate purposes, including the acquisition of bitcoin and related products, as well as working capital.
Potential Investments: The funds may also be utilized for purchasing income-generating assets or for company acquisitions.
Market Reaction: ASST's stock price saw a slight decline of 0.9% in premarket trading, dropping to $1.01.
Strive Asset Management (ASST): Reevaluating Valuation Following Significant Drop in Share Price
Strive Asset Management's Stock Performance: Strive Asset Management's stock has dropped to approximately $0.90, reflecting a significant decline of 19.6% over the past week and 85.5% year-to-date, prompting investors to reevaluate the company's growth potential and risk.
Valuation Concerns: The company's price-to-book ratio stands at 0.9, indicating it is undervalued compared to industry peers, which average around 2.0, suggesting market skepticism regarding Strive's growth prospects and management capabilities.
Investor Sentiment: Persistent losses and minimal revenue growth are raising doubts about the sustainability of Strive's valuation discount, as investors are cautious about the firm's ability to scale and generate profits.
Research and Investment Opportunities: The article encourages investors to explore other high-growth stocks, dividend opportunities, and undervalued stocks, while emphasizing that the analysis provided is not financial advice and should not replace personal investment strategies.
Strive, Founded by Vivek Ramaswamy, Unveils $500 Million Preferred Stock Offering Aimed at Bitcoin Acquisition
Strive Inc. Offering: Strive Inc. announced an at-the-market offering to issue up to $500 million of its Variable Rate Series A Perpetual Preferred Stock, with proceeds aimed at purchasing Bitcoin and expanding operations.
Corporate Strategy: The company plans to use the funds for general corporate purposes, including acquiring income-generating assets, as it seeks to enhance its Bitcoin treasury, which currently holds 7,525 BTC valued at approximately $679 million.
Market Performance: Strive's SATA shares experienced a 2.00% increase in after-hours trading, following a regular session close of $90.20, while Bitcoin was trading at $90,167.58, reflecting a 2.68% rise over the last 24 hours.
Background Context: Earlier this year, shareholders approved a reverse merger with Asset Entities Inc., creating a public Bitcoin treasury company with potential funding of $1.5 billion, positioning Strive as a significant player in the cryptocurrency market.
Strive Introduces $500 Million Preferred Stock ATM Initiative
Sales Agreement: Strive Asset Management (ASST) has signed a sales agreement to sell up to $500 million in shares of its Variable Rate Series A Perpetual Preferred Stock (SATA).
Use of Proceeds: The net proceeds from the sale will be allocated for general corporate purposes, including the acquisition of bitcoin and related products, as well as working capital.
Potential Investments: The funds may also be utilized for purchasing income-generating assets or for company acquisitions.
Market Reaction: ASST's stock price saw a slight decline of 0.9% in premarket trading, dropping to $1.01.
Strive Asset Management (ASST): Reevaluating Valuation Following Significant Drop in Share Price
Strive Asset Management's Stock Performance: Strive Asset Management's stock has dropped to approximately $0.90, reflecting a significant decline of 19.6% over the past week and 85.5% year-to-date, prompting investors to reevaluate the company's growth potential and risk.
Valuation Concerns: The company's price-to-book ratio stands at 0.9, indicating it is undervalued compared to industry peers, which average around 2.0, suggesting market skepticism regarding Strive's growth prospects and management capabilities.
Investor Sentiment: Persistent losses and minimal revenue growth are raising doubts about the sustainability of Strive's valuation discount, as investors are cautious about the firm's ability to scale and generate profits.
Research and Investment Opportunities: The article encourages investors to explore other high-growth stocks, dividend opportunities, and undervalued stocks, while emphasizing that the analysis provided is not financial advice and should not replace personal investment strategies.
