Bitcoin treasury company Strive has retired 92% of the debt inherited from Semler Scientific, buying 334 Bitcoin after a stock offering raised $225 million. The company aims to accumulate Bitcoin without increasing leverage. Strive now holds 13,132 BTC valued at $1.17 billion, with a 21.2% Bitcoin yield quarter-to-date.
Despite the positive news, Strive shares fell 2.23% to $0.80 on Wednesday, with shares down 92.4% from the peak. The volatility of corporate Bitcoin treasury strategies is evident, with many companies facing risks. Over 190 publicly traded companies collectively hold about 1.134 million Bitcoin, significantly impacting the cryptocurrency market.

Read more at Cointelegraph: Strive Buys BTC, Pays Off Debt from Semler Scientific Deal