Strive Raises $55M for 638 BTC via SATA Preferred Stock Sales

Key Facts

1Strive raised an estimated $55 million through SATA preferred stock sales to fund the acquisition of 638 Bitcoin.

2New stock issuance was paused for three sessions due to shares trading below par value.

Strive raised an estimated $55 million through SATA preferred stock sales to fund the acquisition of 638 Bitcoin. Blockonomi reported that the company is executing a strategy to accumulate Bitcoin using capital raised from specialized equity instruments.

New stock issuance was paused for three sessions because shares were trading below their par value, creating technical hurdles for the program. Regarding market performance, ASST closed at $27.8 on October 9, 2026, with a daily trading range between $27.55 and $29.275.