Strive Launches $500M Stock Offering for Bitcoin Acquisitions

Investment firm Strive Inc. has launched a $500 million stock offering to acquire more Bitcoin for its treasury. This "at-the-market" sale of Variable Rate Series A Perpetual Preferred Stock, ticker SATA, will be conducted through brokers like Cantor Fitzgerald and Barclays. The structure allows flexible fundraising aligned with market conditions.

Strive already holds 7,525 BTC, ranking as the 14th-largest public holder.
Proceeds are primarily for Bitcoin acquisition but also for income-generating assets and business acquisitions.
SATA shares offer a 12% annual dividend, providing investors an income stream alongside Bitcoin exposure.
This method provides a regulated way for equity investors to participate in a leveraged Bitcoin strategy.
Strive aims to influence institutional engagement with digital asset treasuries by advocating for crypto-focused firms on major indices like MSCI.
The approach may serve as a model for other companies seeking to use equity markets to expand their crypto treasuries.