Strive Seeks $4.2 Billion ATM Expansion To Fund More Bitcoin Purchases
Strive is making ready to broaden its capital-raising capability by $4.2 billion because the Bitcoin treasury firm appears to be like to fund extra BTC purchases, extending one of many quickest accumulation campaigns amongst public company holders.
Chief government Matt Cole mentioned the corporate expects to extend the dimensions of each its ASST and SATA at-the-market applications by $2.1 billion every. The proposed growth would give Strive considerably extra flexibility to subject securities into the market and direct proceeds towards its Bitcoin technique, although ATM capability doesn’t imply the complete quantity has already been raised.
“Strive expects to extend the dimensions of each the ASST and SATA ATM applications by $2.1 billion every, reflecting a sustained improve in liquidity and demand for each securities. We will present a stability sheet replace tomorrow pre-market,” Cole wrote on X.
The announcement comes shortly after Strive raised roughly $194 million by its SATA most well-liked inventory providing final week, equal to about 2,621 BTC at present market costs. The firm at present holds roughly 16,500 BTC, valued at roughly $1.27 billion, inserting it among the many largest public Bitcoin treasury firms.
Based on BitcoinTreasuries.web’s public-company leaderboard, Strive ranks seventh amongst listed company Bitcoin holders with 16,500 BTC. The companies forward of it are Strategy, by far the biggest holder with greater than 843,000 BTC, adopted by Twenty One Capital, Metaplanet, MARA Holdings, Bitcoin Standard Treasury Company and Bullish.
SATA Becomes The Bitcoin Funding Engine
SATA has develop into central to that mannequin. Strive launched the Variable Rate Series A Perpetual Preferred Stock in November 2025, with the IPO upsized to 2 million shares from an initially focused 1.25 million shares. At the time, the corporate mentioned it had acquired 1,567 BTC at a mean value of $103,315 and held 7,525 BTC as of November 10, 2025.
“The profitable IPO of the SATA Stock makes Strive the primary Bitcoin treasury firm to finance its Bitcoin amplification completely by perpetual most well-liked fairness, and the second overall, after Strategy, to issue a publicly traded perpetual preferred equity security,” Cole mentioned on the time. “While Strive solely went public in September, we’ve shortly proven the market each the velocity and the precision our group operates with to drive long-term worth to our shareholders, with Bitcoin as our hurdle price.”
The product has since develop into a bigger a part of Strive’s capital stack. The firm’s web site says SATA’s 13% APR month-to-month dividend schedule is ready to transition to funds each enterprise day starting June 16, 2026, rising the dividend frequency from 12 funds per 12 months to roughly 250 funds per 12 months. Strive has additionally mentioned it targets a $99 to $101 buying and selling vary for SATA and holds money and marketable securities in reserve for dividend funds.
Strive CIO Ben Werkman wrote through X late Monday: “More than $100M in quantity on the ex-dividend date, with a closing value of $99.56, down simply 0.44% from par. Continued progress for SATA.”
At press time, BTC traded at $69,894.
