Strive Doubles Down on Bitcoin With $500 Million Offering as Portfolio Slides Nearly 18%
Bitcoin treasury agency Strive has unveiled a $500 million at-the-market providing, with plans to allocate the funds towards broad company wants, together with the acquisition of Bitcoin (BTC).
The announcement comes as the agency faces an unrealized lack of almost 18% on its current Bitcoin holdings amid the cryptocurrency’s downturn.
Strive Targets Larger Bitcoin Holdings Despite Unrealized Losses
In a latest press launch, Vivek Ramaswamy’s firm revealed that it has entered right into a gross sales settlement. This allows the corporate to difficulty and promote as much as $500 million of its Variable Rate Series A Perpetual Preferred Stock (SATA Stock) by means of an at-the-market providing.
The capital targets normal company functions, together with buying Bitcoin and Bitcoin-related belongings. Additional purposes embody working capital, income-generating asset purchases, potential share repurchases, and debt reimbursement.
“The SATA Stock, topic to the phrases and situations of the gross sales settlement, could also be offered by the gross sales brokers by any technique that’s deemed an “at-the-market providing” as outlined in Rule 415(a)(4) promulgated underneath the Securities Act of 1933, as amended or some other technique permitted by regulation,” the press launch read.
According to Strive’s Bitcoin Strategy Tracker, it has bought Bitcoin three separate instances in 2025. In early September, the agency bought 5,816 BTC, adopted by a smaller buy of 72 cash in late October. Lastly, Strive acquired 1,567 BTC in early November.
In whole, the agency holds 7,525 BTC, making it the 14th largest public holder of Bitcoin. Its common acquisition price is $113,383 per BTC.
As of the most recent knowledge, its Bitcoin holdings are valued at $699.81 million, reflecting an unrealized loss of roughly 18%, or about $153 million.
Digital Asset Treasury Firms Under Pressure
Meanwhile, it’s not simply Strive. Data from Bitcoin Treasuries revealed that Metaplanet, GD Culture Group, Remixpoint, and extra are sitting on unrealized losses because of Bitcoin’s market efficiency.
Bitcoin confronted vital market headwinds in October, and the downtrend solely accelerated in November. Midway by means of the month, BTC fell beneath the $100,000 stage and has not but managed to reclaim it.
However, over the previous 24 hours, a modest recovery has been noticed. At the time of writing, Bitcoin was buying and selling at $92,377, representing a 2.42% improve.
Beyond market volatility, DAT corporations now face structural pressures from index suppliers. MSCI has proposed that firms holding digital belongings representing greater than 50% of their whole belongings be recategorized as “funds.”
This may outcome of their elimination from MSCI benchmarks. The choice carries crucial penalties for DAT corporations. Index exclusion would seemingly set off main passive-index outflows.
Last week, Strive submitted a seven-page letter to MSCI’s chairman, urging him to rethink the proposal.
“Index suppliers don’t exclude power firms whose oil reserves dominate their stability sheets, gold miners whose worth relies upon largely on the metallic they extract, or monetary corporations whose belongings consist principally of securities and derivatives…. Creating a particular exclusion rule for digital belongings alone would depart from that custom with out regulatory or financial rationale,” Strive wrote.
MSCI’s choice can be introduced on January 15, 2026. The final result will inform how conventional markets deal with firms with substantial cryptocurrency treasuries and should have an effect on the way forward for the Bitcoin treasury enterprise mannequin.
The submit Strive Doubles Down on Bitcoin With $500 Million Offering as Portfolio Slides Nearly 18% appeared first on BeInCrypto.
