A Nasdaq-listed asset manager just made a bold move into Bitcoin territory. Strive announced they're launching a $500 million at-the-market offering of Variable Rate Series A Perpetual Preferred Stock. The kicker? All those proceeds are earmarked for scooping up more BTC. It's another signal that institutional players aren't just watching from the sidelines anymore—they're actively loading up. When traditional finance firms start issuing preferred stock specifically to stack sats, you know the game's changing.
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MetaMuskRat
· 12-12 05:19
Nasdaq companies are directly issuing perpetual bonds to buy Bitcoin. Traditional finance is really going nuts haha
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MetaReckt
· 12-10 20:01
Strive's approach is really clever—directly using preferred stock financing to accumulate Bitcoin. Traditional finance has been turned into a Bitcoin fund manager hahaha
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BlockchainFoodie
· 12-10 20:00
yo strive really said "let's cook up a $500M bitcoin feast" and i'm here for it. this is what happens when traditional finance finally tastes that crypto ingredient—they can't stop themselves from loading the plate. proof-of-freshness vibes, ngl. the institutional dining table just got a lot more interesting when everyone's ordering the same dish.
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NFTRegretter
· 12-10 19:37
Haha, big institutions are starting to play this game too, which shows that BTC has indeed penetrated traditional finance.
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MetaMisery
· 12-10 19:36
Now traditional finance really can't sit still anymore, directly issuing perpetual preferred stocks to accumulate Bitcoin. This cracks me up... The institutions haven't had enough of spot ETFs yet with this move.
A Nasdaq-listed asset manager just made a bold move into Bitcoin territory. Strive announced they're launching a $500 million at-the-market offering of Variable Rate Series A Perpetual Preferred Stock. The kicker? All those proceeds are earmarked for scooping up more BTC. It's another signal that institutional players aren't just watching from the sidelines anymore—they're actively loading up. When traditional finance firms start issuing preferred stock specifically to stack sats, you know the game's changing.