Overview
- Strive disclosed in SEC filings that it bought 6,182 bitcoin for $511.4 million at an average price of $82,732, lifting its treasury to 43,000 BTC on Monday.
- The company filed a sales agreement for a $1.0 billion at‑the‑market program to sell 15.00% Series A Perpetual SATS preferred stock that will trade on Nasdaq.
- Earlier this month Strive raised about $630 million by selling 7 million SATS shares at $90 and collected roughly $369 million from warrant exercises, giving it immediate capital to fund buys.
- The preferred strategy provides flexible funding for bitcoin, buybacks, acquisitions, working capital, or dividend payments but creates legally binding 15% dividend costs and preferred liquidation priority over common shares.
- Strive has grown from roughly 12,800 BTC after its January Semler merger to 43,000 BTC and now ranks among the largest public corporate holders, though filings flag some tranche‑level reporting gaps that investors should watch in future 8‑K updates.