Strive expands the IPO size of SATA perpetual preferred stock, raising $160 million to invest in Bitcoin

Strive Company (NASDAQ: ASST) announced on November 5, 2025, the expansion of its variable rate Series A perpetual preferred stock (SATA shares) initial public offering size, increasing the originally planned issuance by 750,000 shares to 2 million shares, with an offering price of $80 per share, expected to raise approximately $160 million in funds.

The stock will complete its delivery on November 10, with an initial annual dividend rate of 12%. The company will primarily use the proceeds for investments in Bitcoin and related products, business expansion, and other corporate purposes. As the first publicly traded Bitcoin asset management company, Strive currently holds approximately 5,958 Bitcoins, and its asset management subsidiary manages assets exceeding $2 billion.