Strive Inc. (NASDAQ:ASST) saw a sharp decline in shares after revealing a $1.5 billion Bitcoin accumulation plan post-merger with Asset Entities Inc. The company secured $750 million upfront and $750 million in potential funds, gaining 69 Bitcoin in the exchange and access to $450 million offerings and debt issuances.

Strive’s board, including experts like Shirish Jajodia and Pierre Rochard, aims to grow Bitcoin per share and enhance shareholder value through governance and long-term strategy. Despite unveiling a $500 million stock buyback program and perpetual preferred equity security for Bitcoin purchases, ASST shares fell 17.48% to $7.006 due to dilution concerns and regulatory risks.

The company’s ambitious crypto-treasury initiatives faced skepticism from investors, leading to Monday’s significant share price drop. ASST shares are currently trading at $7.006.

Read more at Yahoo Finance: Strive Taps Crypto Veterans To Guide $1.5 Billion Bitcoin Treasury Expansion