Strive (Nasdaq: SATA) has expanded its issuance of Series A perpetual preferred stock and issued 1.32 million shares at a price of $90 per share. The proceeds will mainly be used to redeem its subsidiary Semler Scientific's convertible bonds and to repay loans from Coinbase Credit, shifting the company towards a "value-added model of issuing only perpetual preferred stock." The remaining funds will be used to support operations and purchase more Bitcoin. Meanwhile, the company has reached a private agreement to exchange notes worth $90 million for approximately 930,000 preferred shares. As of mid-January, Strive held approximately 12,797.6 Bitcoins.