Strive Buys 6,182 Bitcoin for $511M, Holdings Reach 43,000 BTC

Strive's move shows corporate treasury adoption is becoming a financing exercise, not just a buy-and-hold gesture: the bitcoin purchase was effectively funded through a preferred-stock offering, meaning the balance-sheet exposure now carries a cost of capital and obligations to preferred holders. That structure matters more than the headline number, because it ties the company's bitcoin position to market conditions for its own securities. The next thing worth watching is whether this preferred-funded model becomes a template for other listed firms, and how Strive manages the spread between its cost of capital and the value of its holdings if funding conditions shift.