Strive, a Nasdaq-listed structured finance company managing a bitcoin treasury, has unveiled its bold strategy to raise up to $500 million. The company is launching an at-the-market (ATM) offering of its Variable Rate Series A Perpetual Preferred Stock (SATA), with the help of investment banks Cantor Fitzgerald, Barclays, and Clear Street.
This move allows Strive to sell shares directly to the market at prevailing prices, providing flexibility compared to traditional fixed-price offerings.
Strive announces $500,000,000 SATA At-The-Market (ATM) program. The program builds on the success of the upsized SATA IPO offering and will provide the company with additional capital for general corporate purposes, including acquiring more Bitcoin. As of 11/7/25, we HODL…
— Strive (@strive) December 9, 2025
SATA Stock Dividend Details and Strive’s Continued Push to Expand Bitcoin Holdings
The SATA stock will carry a 12.00% annual dividend rate, with regular payments starting on November 10, 2025. However, Strive retains the ability to adjust the dividend rate as needed. The funds raised will support general corporate purposes, particularly expanding Strive’s bitcoin holdings, building on the success of the company’s initial public offering (IPO) of SATA shares. The IPO, initially set for 1.25 million shares, was upsized to 2 million shares, priced at $80 per share. Following its IPO, SATA began trading on the Nasdaq Global Market.
This new ATM offering is another step in Strive’s mission to grow its bitcoin reserves. The company currently holds 7,525 BTC as of November 7, and it has set its sights on increasing the BTC-per-share ratio to outperform bitcoin itself in the long run. Despite a focus on bitcoin, Strive’s Class A common stock, ASST, saw a 3.57% rise, closing at $1.02.
Strive’s Bold Bet on Bitcoin’s Future
By launching this ATM offering, Strive aims to solidify its position in the volatile cryptocurrency market. The flexibility of the ATM structure allows Strive to adjust the pace of its capital raise in response to market conditions, making it a strategic move that contrasts with more traditional stock offerings.
With this bold step, Strive continues to prioritize its bitcoin strategy while exploring new financial avenues to maximize its capital base. The company’s vision of using both preferred stock offerings and bitcoin acquisition to drive growth is reflective of its aggressive stance in the evolving cryptocurrency sector.