The company accomplished this by using proceeds from a heavily oversubscribed preferred stock offering that raised $225 million. Strive Expands Bitcoin Treasury, a Bitcoin treasury company backed by , reshaped its balance sheet after the completion of its acquisition of Semler Scientific earlier this month. The preferred shares are a form of long-duration equity financing, which allows Strive to raise capital for Bitcoin purchases while avoiding additional borrowing. Alongside the balance sheet cleanup, Strive purchased an additional 333.9 Bitcoin at an average price of $89,851, lifting its total holdings to 13,132 BTC. This places Strive among the corporate Bitcoin treasury holders.