Strive's Bitcoin Holdings on Pace to Double Every 12 Weeks
Strive's Chief Risk Officer Jeff Walton shares insights on how the company supercharged its Bitcoin buying strategy, which has made it one of the best-performing stocks in the Russell 2000 over the past month. According to Walton, Strive is on pace to double its Bitcoin holdings roughly every 12 weeks.
The company's balance sheet has crossed $2.5 billion in total strength, with a significant portion funding Bitcoin accumulation through common stock and preferred ATMs. Walton explains that this strategy allows the company to stay simple while scaling rapidly.
The company also has $700 million in warrants expiring on October 13, which, if exercised, would increase leverage and potentially lead to new products. Walton believes the market is underpricing systemic credit risk, warning of a potential event that could have far-reaching consequences.