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Strive Launches $500 Million ATM Preferred Offering to Expand Bitcoin Treasury

Strive is using a 12% SATA perpetual preferred modeled on Strategy to raise flexible capital for additional bitcoin purchases.

Overview

  • The company signed sales agreements with Cantor Fitzgerald, Barclays and Clear Street to sell SATA via an at-the-market program.
  • Proceeds are designated for bitcoin buys, income‑generating assets, working capital, possible common share repurchases and acquisitions.
  • Strive reports holdings of 7,525 BTC, ranking it as the 14th‑largest corporate bitcoin holder by disclosed balance.
  • Shares of ASST rose about 3.6% to close near $1.02 following the announcement, according to market data reported by outlets.
  • The new program follows an upsized November SATA offering to 2 million shares at $80 as Strive also engages MSCI over index treatment of crypto‑heavy treasuries.