Strive, Backed by Vivek Ramaswamy, Declines Despite Bitcoin Purchase and Significant Reduction of Semler's Debt
Debt Reduction: Strive's CEO, Matt Coles, announced that the company has reduced approximately 92% of its Semler-related debt and expects to be fully debt-free by April 2026.
Bitcoin Holdings Increase: The firm reported a 21% increase in its Bitcoin holdings during the first quarter of 2026, acquiring an additional 333.9 Bitcoin, making it the 10th largest corporate holder of the cryptocurrency.
Stock Performance: Despite the positive announcements, shares of ASSST fell by 2.23% during regular trading, reflecting bearish sentiment in the market.
New Funding Strategy: Strive's SAT A offering reached $600 million, allowing the firm to raise its offering size to $225 million, which will be used to fund Bitcoin purchases without increasing leverage.
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