Strive, Inc. Targets $150 Million Follow-On Offering to Expand Bitcoin Treasury
- Follow-On Offering: Strive, Inc. has announced a $150 million follow-on offering of its Variable Rate Series A Perpetual Preferred Stock, aimed at accelerating the establishment of one of the largest corporate Bitcoin treasuries in the market, thereby enhancing the company's financial stability and competitive position.
- Use of Proceeds: The net proceeds from the offering will be allocated to retire existing liabilities, including the 4.25% Convertible Senior Notes due 2030 and borrowings under a loan agreement with Coinbase Credit Inc., thus alleviating financial burdens and strengthening the capital structure.
- Bitcoin Accumulation: Strive plans to deploy part of the capital directly into additional Bitcoin and related products, reinforcing its strategy of treating Bitcoin as a core asset, which is expected to increase its holdings to approximately 12,798 BTC, positioning it as the 11th largest corporate Bitcoin holder globally.
- Flexible Equity Structure: The preferred stock carries a floating annual dividend of 12.25%, paid monthly, designed to attract income-focused investors while providing Strive with flexibility, as it has no maturity date, further supporting the company's long-term strategy.
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Technical Analysis for EPT
Technical Sentiment Analysis for Balance (EPT) As of , Balance (EPT) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 4 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for EPT stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, EPT is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Balance (EPT) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | -0.000368 | 0.0000982 | 0.000436 | 0.000902 | 0.00124 | 0.00171 | 0.00204 |
| Fibonacci | 0.0000982 | 0.000405 | 0.000595 | 0.000902 | 0.00121 | 0.0014 | 0.00171 |
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