As Strategy Sells Bitcoin, Strive Doubles Down With $4.2 Billion Offering

In brief

• Benchmark-StoneX initiated a “Buy” rating on Strive, praising its “nimble” debt-free framework and preferred stock.
• Strive expanded its holdings to 19,000 BTC ($1.3 billion) and announced plans to increase an issuance program by $4.2 billion.
• Despite targeting the same group of…