Strive, the publicly traded asset management firm with a focus on its Bitcoin treasury operations, announced a significant capital raise on Tuesday by launching an At-The-Market (ATM) offering for up to $500 million of its Variable Rate Series A Perpetual Preferred Stock (SATA).
The offering is structured to allow the company to sell SATA shares directly into the market over time at prevailing prices. Strive has entered into a sales agreement with financial institutions Cantor Fitzgerald, Barclays, and Clear Street to act as sales agents for the program. This gradual issuance mechanism provides the firm with flexibility in raising capital compared to a single, fixed-price sale.
Strive has explicitly stated that the fresh capital raised through the ATM program will be utilized for general corporate purposes, with a primary focus on future Bitcoin acquisitions. The company is positioned as a "Bitcoin treasury company" and reported holding approximately 7,525 BTC as of November 7, 2025.
This new offering follows the company's initial successful public debut of the SATA stock. The original offering was upsized and closed on November 10, 2025, raising capital from the sale of 2 million shares at $80 each. The preferred stock subsequently began trading on the Nasdaq Global Market.
This move underscores Strive's continued aggressive strategy to utilize its equity financing structure to accumulate more Bitcoin and grow its digital asset treasury.
December 2025, Cryptoniteuae