Strive Inc. has raised $30.8 million through a preferred stock offering and plowed a chunk of that into Bitcoin, adding over 1,100 BTC to its corporate treasury. The move, disclosed this week, marks one of the larger single Bitcoin purchases by a publicly traded firm in recent months. Separately, Strategy's STRC stock continues to trade under its $100 par value, with no new proceeds generated this week.
The preferred stock play
The $30.8 million came from a preferred stock placement — a structure that gives investors priority over common shareholders but still counts as equity on the balance sheet. Strive didn't name the buyers or say how much of the raise went directly into the Bitcoin purchase. But adding more than 1,100 BTC at current prices suggests a meaningful allocation.
Bitcoin on the books
With the new coins, Strive's total Bitcoin holdings now push higher. The company joins a growing list of firms that hold crypto as a reserve asset. The timing isn't flashy — no press conference, no social media blitz — just a filing and a quiet addition to the treasury.
Strategy's STRC still in the doldrums
Elsewhere, Strategy's STRC stock hasn't budged above $100 par value all week. That means no conversion activity and no fresh capital coming in from that instrument. The stock has been stuck below par for a while now, leaving Strategy without the proceeds it might have counted on from a conversion. No word from the company on any changes to the program.
For now, Strive's Bitcoin buy is the bigger headline — real money, real Bitcoin, no fanfare. What happens next with Strategy's STRC is an open question, but this week belongs to Strive.
