Summary
- U.S. asset manager Strive reportedly announced a capital plan of US$950 million.
- Strive said it plans to increase the per-share Bitcoin (BTC) value through a US$450 million share issuance and a US$500 million share buyback.
- Previously, Strive's CEO reportedly mentioned plans to purchase over US$700 million worth of BTC after merging with Asset Entity.
On the 15th (local time), crypto-focused media The Block reported that U.S. asset manager Strive completed the formation of its board and announced a capital plan totaling US$950 million.
Strive plans to increase the per-share Bitcoin (BTC) value through a US$450 million share issuance and a US$500 million share buyback.
Earlier, Strive's chief executive officer (CEO) had disclosed plans to purchase over US$700 million worth of BTC after a merger with Asset Entity.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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