📈 Strive becomes the 10th largest corporate holder of Bitcoin after reducing its debt

📊 Strive has increased its corporate Bitcoin treasury by acquiring 333.89 BTC, bringing the total to 13,131.82 BTC.

🛡 This places Strive in 10th place among corporate holders of Bitcoin.

💰 The company has paid off 92% of its debt, totaling $110 million, inherited from Semler Scientific.

⚙️ Bitcoin was acquired at an average price of $89,851, valuing the total treasury at over $1.17 billion.

📅 The acquisition of Semler Scientific was completed on January 13, allowing the consolidation of an additional 5,048.1 BTC.

💵 Proceeds from the issuance of preferred shares helped reduce the debt, with investor demand exceeding $600 million.

📉 Despite these steps, Strive's shares fell by more than 2.2% amid a general decline in the Bitcoin market, which has decreased by approximately 30% from its peak.

🔍 More than 190 publicly traded companies now hold approximately 1.134 million Bitcoin, accounting for nearly 5.4% of the total supply.

Strive's strategic focus on Bitcoin, combined with a significant reduction in debt, positions the company well in a challenging market environment, although investor sentiment remains cautious due to Bitcoin's price fluctuations.