Strive: Has purchased 69 bitcoins and implemented a $500 million stock buyback plan

Jinse Finance reported that after Asset Entities approved the merger with Strive to form the bitcoin treasury company Strive Inc., the company announced its board members, including CEO Matt Cole and CFO Ben Pham. In addition, the company disclosed that it has purchased 69 bitcoins and plans to further advance its bitcoin strategy using the net proceeds from the $750 million financing announced in May, as well as an additional potential $750 million in funds that may be obtained within one year upon the exercise of warrants. Furthermore, the company has obtained Well-Known Seasoned Issuer (WKSI) status, which can be used for its shelf registration. Along with obtaining WKSI shelf registration, the company announced a $450 million at-the-market offering plan and a $500 million stock repurchase plan to maintain maximum flexibility in its balance sheet, thereby increasing the per-share issuance of bitcoin.