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StocksMediumUpdated•Originally published 13 October 2026•Updated 13 October 2026•
1 min read

Strive to Launch IPO of 5 Million SATS Series A Preferred Shares

Key Facts

1Strive intends to offer 5,000,000 shares of 15.00% Series A Perpetual SATS Preferred Stock.

Strive announced its intention to conduct an initial public offering of 5,000,000 shares of its 15.00% Series A Perpetual SATS Preferred Stock. GlobeNewswire reported that the offering is subject to market conditions, with the company planning to use the net proceeds for general corporate purposes, including the acquisition of bitcoin and bitcoin-related products, as well as working capital and the purchase of income-generating assets.

ASST closed at $27.71 on October 12, 2026, having reached a day high of $28 and a low of $27.04 during that session. This capital raising through preferred equity is part of a registered public offering under the Securities Act of 1933, aimed at strengthening the company's balance sheet and supporting its digital asset expansion.

Latest Updates · 1

  1. Notable·

    Update: Strive aims to raise a total of $500 million through this issuance. This target value represents the full scale of capital the company seeks to secure via the offering of its SATS preferred shares.