Strive Eyes Rapid Bitcoin Growth Amid Aggressive Purchase Strategy

Strive CRO Jeff Walton says bitcoin holdings could double every 12 weeks.

Strive, a company that buys Bitcoin, is expanding its purchase strategy to increase its bitcoin holdings by doubling them about every 12 weeks. The company is also focusing on financial soundness by pairing aggressive accumulation with liquidity management and financing structures.

The main funding source for bitcoin purchases is an at-the-market programme using common and preferred stock. Walton said Strive raises the funds needed for actual Bitcoin accumulation through two types of ATM, securing capital through stock issuance and then using it for Bitcoin purchases.