Strive Launches $500 Million At-the-Market Offering to Fund Bitcoin Purchases
Strive has announced a $500 million at-the-market (ATM) offering for its SATA perpetual preferred stock to support additional bitcoin purchases. This ATM program allows the company to raise funds near current market prices, employing a structure similar to MicroStrategy's STRC money-market-style perpetual preferred equity.
The SATA preferred stock pays a 12% dividend with an effective yield of approximately 13%. Currently, it trades near $91, which is below its $100 par value. Proceeds from the offering may be allocated toward acquiring bitcoin, purchasing income-generating assets, supporting working capital, repurchasing common shares, or pursuing acquisitions.
Strive holds about 7,525 bitcoins and is in the process of acquiring Semler Scientific (SMLR). It ranks as the 14th-largest publicly traded bitcoin company. The company's common stock (ASST) is trading near $1 and experienced a decline of about 2% in premarket activity.
(Source: CoinDesk; article by James Van Straten, edited by Sheldon Reback, dated December 10, 2025.)
