Strive Seeks $4.2 Billion ATM Expansion To Fund More Bitcoin Purchases
Strive is preparing to expand its capital-raising capacity by $4.2 billion as the Bitcoin treasury company looks to fund additional BTC purchases, extending one of the fastest accumulation campaigns among public corporate holders. Chief executive Matt Cole said the company expects to increase the size of both its ASST and SATA at-the-market programs by $2.1 billion each. The proposed expansion would give Strive substantially more flexibility to issue securities into the market and direct proceeds toward its Bitcoin strategy, though ATM capacity does not mean the full amount has already....
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A16z Doubles Down on Gaming
Executives at a16z seem to be enticed by the intersection of metaverse, Web3, and gaming happening now in the industry.....