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Strive Tumbles After Revealing Bitcoin Treasury Plan and $500M Buyback

Dow Jones Newswires Read original source (opens in a new tab)
The Story

News Summary

  • Strive named a bitcoin-focused board, unveiled a bitcoin treasury strategy, announced a $450M ATM offering and a $500M share repurchase program; its stock fell 17% after the disclosures while raising $750M in financing.
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