Strive Capital, a U.S.-based asset management firm, is reportedly planning to raise $160 million to further invest in Bitcoin (BTC). As reported by CoinDesk, Strive intends to issue 2.72 million perpetual preferred shares, an increase from the initially planned 2 million. The raised capital will be strategically allocated. A significant portion will fuel further Bitcoin acquisitions, solidifying Strive's position in the cryptocurrency market. Additionally, funds are earmarked for covering operating expenses and potentially pursuing mergers and acquisitions to expand its portfolio. Currently, Strive Capital holds a substantial 5,958 BTC, demonstrating its strong commitment to Bitcoin as a key asset. This new fundraising effort underscores the firm's bullish outlook on Bitcoin's future and its dedication to growing its investment in the leading cryptocurrency. ```