Overview
- Strive will sell Variable Rate Series A Perpetual Preferred Stock (SATA) through the facility, which carries a 12% dividend and follows an upsized November offering of 2 million shares at $80.
- The company disclosed sales agreements with Cantor Fitzgerald, Barclays, and Clear Street to execute the program.
- Net proceeds are earmarked for general corporate purposes, including buying Bitcoin and Bitcoin-related products, working capital, and acquiring income-generating assets.
- Strive reports 7,525 BTC on its balance sheet worth roughly $694–695 million, ranking it as the 14th-largest corporate Bitcoin holder.
- Class A shares rose about 3.6% after the announcement, and the firm continues to oppose an MSCI proposal that could exclude crypto-heavy balance sheets from major indexes.