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Strive Retires $110M Debt, Buys 334 BTC to Join Top 10 Holders
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Strive retired $110M in Semler debt, bought 334 BTC, now holds 13,131.82 Bitcoin, and ranks as the 10th largest public corporate holder.
The company confirmed debt repayments, preferred stock issuance, and additional Bitcoin purchases.
Debt Reduction After Semler AcquisitionStrive reported that it has retired $110 million of debt linked to the Semler Scientific acquisition.
The repayment followed an upsized and oversubscribed follow-on offering of SATA preferred stock.
SATA Stock Offering and Capital StructureThe follow-on offering included 1,320,000 shares of Variable Rate Series A Perpetual Preferred Stock.