Strive (ASST), a publicly traded bitcoin treasury and asset-management company, has taken a major step to strengthen its financial base and expand its bitcoin strategy. The firm has introduced a $500 million at-the-market (ATM) offering for its Variable Rate Series A Perpetual Preferred Stock, known as SATA. This move signals one of the company’s most ambitious efforts to deepen its role in the rapidly evolving bitcoin ecosystem.
As Strive keeps collecting bitcoin and looks into other smart investments, the SATA offering is meant to give it some flexible funding choices. The structure follows a model similar to Strategy’s STRC perpetual preferred equity, giving income-focused investors a product that blends yield with long-term digital asset exposure.
$500 Million ATM Facility Designed for Steady BTC Accumulation
Strive explained that the ATM program will allow it to issue new SATA shares directly into the market at prices close to the stock’s current value. This method allows the business to slowly raise cash and quickly adapt to market conditions, rather than doing one big issuance.
The core target of this program remains clear: increasing bitcoin holdings.
Strive currently owns around 7,525 bitcoin, placing it among the larger publicly traded companies with BTC on the balance sheet. With the ATM facility in place, the company aims to steadily expand this reserve at a time when interest from institutional investors continues to grow.
SATA Offers High Income While Trading Below Par Value
SATA, the preferred stock issued under this program, has already attracted attention due to its income-driven structure. It pays a 12% dividend, with an effective yield close to 13%, according to the company’s calculations. The stock is presently trading at around $91, which is below its $100 par value.
Because SATA is trading under par, investors purchasing it now may benefit from both high yield and potential price gains if the stock moves closer to par over time. Strive designed SATA to provide consistent income to investors while allowing the company a reliable source of capital for its bitcoin-centered strategy. Its structure mirrors Strategy’s STRC preferred equity, a product that has drawn investors interested in high-yield instruments connected to bitcoin-oriented companies.
How Strive Plans to Allocate the Capital Raised
Strive noted that the funds raised through the ATM offering will be directed across several strategic areas. While bitcoin accumulation remains a priority, the company may also use the capital to purchase income-generating assets, support operational working capital, repurchase common stock, or pursue new acquisitions.
One big thing the company is working on is trying to buy Semler Scientific (SMLR), a business that started holding Bitcoin as a treasury earlier this year. If this deal goes well, it would add to the things that Strive owns and make it more likely to work with bitcoin-focused plans in the long run.
This varied financial plan allows Strive to grow its business in the world of bitcoin in a number of ways while still keeping its operations flexible.
Strive's Place in the World of Public Bitcoin Corporations
Strive, which currently holds more than 7,500 BTC, ranks as the 14th-largest publicly traded company with bitcoin on its balance sheet. This growing reserve puts the company in the same group as other famous companies that have added bitcoin to their plans for managing their money. More companies are starting to see bitcoin as a basic asset that they can’t part with, instead of just a tradeable investment. Strive’s new $500 million ATM program shows that it wants to stay in line with this trend and make its place in the bitcoin-focused business world stronger. After the Announcement, ASST Saw Some Movement.
SATA has gotten a lot of press because of its strong yield, but Strive’s ASST common stock has not changed much since the announcement. The shares have stayed close to $1, but they dropped about 2% in pre-market buying. Such reactions are common after ATM offerings, as investors often anticipate the possibility of share dilution. However, if Strive allocates the newly raised capital prudently—particularly toward expanding its bitcoin holdings and accumulating robust income-generating assets—investor confidence could gradually increase over time.
Conclusion: Strive advances more closely toward its ambitious Bitcoin objectives.
A big step in the right direction for Strive’s long-term Bitcoin plan is the SATA ATM project, which will secure $500 million worth of assets. The business has created a strong financial tool that can pay for the costs of running the business, help with making big choices, and add more digital assets to its portfolio. They achieved this by establishing a flexible funding mechanism supported by high-yield preferred stock.
Every time it buys more bitcoin and with projects like the current Semler Scientific buy, Strive becomes more and more of a top public company focused on bitcoin. For buyers, the most important thing now is to see how well the company uses this new money to keep growing and provide value over time.