Strive launches a $500 million preferred stock offering to fund Bitcoin purchases and corporate needs.
The company holds 7,525 BTC worth nearly $696 million and aims to increase Bitcoin per share.
Strive’s stock shows short term gains with SATA at $91.15 and ASST up 3.57% on Tuesday.
Strive, a Nasdaq-listed structured finance company with a Bitcoin treasury, announced a $500 million at-the-market offering. The offering involves its Variable Rate Series A Perpetual Preferred Stock (SATA)
Strive has entered agreements with Cantor Fitzgerald, Barclays, and Clear Street to sell the shares directly to the market. The ATM structure allows flexibility to sell at prevailing market prices over time. This approach avoids issuing a large block of shares at a fixed price.
The dividend for SATA is set at 12% per year. Regular dividends will begin on November 10, 2025. Strive retains the right to adjust the dividend rate in the future. The company stated the offering will support general corporate purposes, including acquiring additional Bitcoin. The announcement follows Strive’s upsized SATA IPO, which closed on November 10 at $80 per share. The IPO initially targeted 1.25 million shares but was increased to 2 million. The stock trades on the Nasdaq Global Market.
Bitcoin Holdings and Acquisition Plans
Strive reported holding 7,525 BTC as of November 7, valued at approximately $696 million. The company ranks 14th among public Bitcoin holders. Proceeds from the preferred stock offering will be used for Bitcoin purchases, income-generating assets, and working capital
Strive previously announced plans to acquire Bitcoin through a merger and the Mt. Gox bankruptcy claims. The company aims to increase BTC-per-share as part of a long-term strategy. Its approach resembles strategies used by other Bitcoin-focused public firms. Strive recently obtained over 10,000 Bitcoin after merging with Semler in an all-stock deal.
Stock Performance Trends
SATA shares increased 0.088% on Tuesday, closing at $91.15. Strive’s Class A common stock (ASST) rose 3.57% to $1.02. Over the past 52 weeks, ASST traded between $0.34 and $13.42
Recent trends suggest potential market opportunities for buyers. Short-term swings in the stock have followed a pattern of gains and corrections. Strive’s trading activity indicates investor interest in both common and preferred shares.
Market and Regulatory Engagement
Strive also engaged with index provider MSCI, opposing exclusion of digital asset treasury companies from global indexes. The company argued that excluding these firms could limit passive investor access to growth markets
Strive continues to expand its presence in the structured finance and digital asset sectors. Its ongoing strategies combine corporate finance activities with Bitcoin accumulation and potential business acquisitions.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
DWF Labs Co-Founder: The current market is boring, but it hasn’t disappeared—builders or investors still have a lot to do.
DWF Labs co-founder Andrei Grachev said the market is currently in a “boring” phase, with many important activities quietly underway. He advised investors to stay patient and look for a better timing. He emphasized that opportunities still exist in the market—such as holding Bitcoin or participating in altcoins—and urged retail investors to keep learning and remain optimistic.
GateNews4m ago
Researchers propose a transaction scheme for quantum-resistant Bitcoin without needing a fork
Gate News message, on April 12, a researcher proposed a transaction scheme that enables quantum-resilient protection for Bitcoin without requiring a fork. At present, the quantum computing threat to Bitcoin is still at the theoretical level. Meanwhile, tech companies such as Google and Cloudflare have already begun preparing countermeasures and set a target timeline to complete the migration of quantum cryptography after 2029.
GateNews47m ago
Contract whale “sets 10 big targets first” — the short position is up $3.21 million; the BTC short opening price is $71,554.61.
Gate News message, April 12, according to on-chain analyst Ai Yi (@ai_9684xtpa) statistics, the short positions of the contract whale “first set 10 big targets” (@Jason60704294) are currently up $3.21 million. Of this, the BTC short positions are 2,567.49 BTC, with an opening price of $71,554.61, and an unrealized profit of $1.19M; the ETH short positions are 38,465.22 ETH, with an opening price of $2,248.74, and an unrealized profit of $2.03M.
GateNews57m ago
$789 Million Fresh Capital: Bitcoin ETFs See Highest Weekly Inflow Since February - U.Today
Bitcoin ETFs saw a significant resurgence with $789 million in weekly inflows, the highest since February. BlackRock led the charge, contributing 80% of this total, signaling renewed institutional interest in the market after a period of withdrawals.
UToday1h ago
Strategy Yesterday increased its holdings of 3,447 BTC through STRC, worth $250 million
Gate News message: On April 12, according to @BitcoinArchive monitoring, Strategy added 3,447 bitcoins worth $250 million yesterday (April 11) through its perpetual preferred stock product STRC. This increase is equivalent to the supply of bitcoin mined by the network over the past 8 days.
GateNews1h ago
A certain CEX’s Bitcoin whale inflows for the first time since June 2025 fell below $3 billion
CryptoQuant analyst Amr Taha noted that a major Bitcoin whale inflow to a certain CEX platform first fell below $3 billion; the market value of long-term holders recovered to $49 billion, while short-term holders fell to -$54 billion. This indicates that weak hands are distributing Bitcoin, while long-term holders are re-absorbing it.
GateNews1h ago
