Vivek Ramaswamy’s Strive looks to raise $150 million in secondary stock offering

Strive, Inc. (Nasdaq: SATA), a Bitcoin treasury firm founded by Vivek Ramaswamy, is planning a secondary public offering to raise $150 million. This follows its oversubscribed November IPO and comes as its SATA stock reached $100. The capital raised will be used to purchase bitcoin and to retire debt from convertible senior notes issued by its subsidiary, Semler Scientific, as well as borrowings from Coinbase Credit Inc. Strive previously raised about $160 million last year through preferred stock (SATA). The combined firm, which resulted from an all-stock acquisition of Semler Scientific, holds approximately 12,797.6 bitcoin as of January 16, positioning it among the top 15 corporate holders.

(Source：The Block)