Strive Upsizes Preferred Stock Offering to $700M to Fund Bitcoin Acquisitions

Key Facts

1Strive increased its preferred stock sale to 7 million shares with gross proceeds of approximately $630 million.

2The company sold 15% Series A Perpetual SATS Preferred Stock at $90 per share on October 15.

Strive increased its preferred stock sale to 7 million shares with gross proceeds of approximately $630 million. Reuters reported that the company sold 15% Series A Perpetual SATS Preferred Stock at $90 per share on October 15, specifically to fund further Bitcoin acquisitions.

The company plans to channel these funds into its Bitcoin treasury strategy and other corporate needs. ASST closed at $25.65 on October 15, 2026, with the stock trading between a day low of $22.48 and a high of $25.77 during that session.