Vivek Ramaswamy’s Strive overtakes Tesla in Bitcoin holdings following new purchase

Strive, the company supported by Vivek Ramaswamy, has surpassed Tesla in Bitcoin holdings, now possessing approximately 13,311 BTC valued at nearly $940 million, following the addition of 179 Bitcoin to its treasury. This makes Strive the 11th-largest corporate Bitcoin holder. Alongside this increase in Bitcoin, Strive announced updates to its preferred stock offering, including a 25 basis point increase in the dividend rate for SATA preferred shares to 12.75% and a narrowed trading range. The company also invested $50 million in Strategy Variable Rate Series A Perpetual Stretch Preferred Stock (STRC) to enhance capital efficiency and financial resilience. Strive CEO Matthew Cole believes “Digital Credit could be a multi-trillion-dollar opportunity” and these updates aim to improve the credit quality and reduce volatility of their Digital Credit product, SATA.

(Source：Crypto Briefing)