Strive Raises $10 Million to Acquire Over 130 Bitcoin

Strive, Inc. has announced that it has raised $10 million through its at-the-market preferred stock program, which it has converted into over 130 Bitcoin. The funds were generated from the company's Variable Rate Series A Perpetual Preferred Stock, known by the ticker SATA, which is traded on NASDAQ. This financial instrument offers a 13% annualized dividend yield, distributed daily, allowing Strive to maintain its market price near the $100 par value while issuing new shares without significant discounts.

The company has been strategic in its approach, using equity-based financing to acquire Bitcoin, avoiding the debt structures commonly employed by other corporations in the cryptocurrency space. This method protects Strive from forced liquidation in the event of a downturn in Bitcoin prices, as creditors cannot demand repayment of principal like bondholders can. Strive's total Bitcoin holdings have now surpassed 21,000 BTC, with the latest acquisition pushing the total from 20,246 BTC to 21,356 BTC.

The SATA program, which was authorized for $500 million in December 2025, is specifically designed to fund Bitcoin purchases through equity issuance. Strive has been careful to activate the program only when SATA trades at or above its par value, ensuring that existing shareholders are not diluted. Recent activity has shown significant throughput, with the company raising $40.35 million from August 24 to 26, 2026, enough to purchase approximately 510.69 Bitcoin at that time.

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Source: KLEA News