Strive hires senior cryptocurrency personnel to guide $1.5 billion Bitcoin vault expansion

Strive Inc. (ASST) shares fell 17.48% to $7.006 on Monday as investors reacted to its $750 million Bitcoin overselling plan and another $750 million in potential warrant financing. The merger with Asset Entities earned it a 69% initial Bitcoin holding and was able to make a $450 million market capitalization offering with its well-known senior issuer status. The company appointed Bitcoin experts to the board and approved a $500 million share buyback, but concerns over equity dilution, execution risks and regulatory uncertainty have led to a sharp drop in stock prices.