Strive expands SATA perpetual preferred stock IPO to raise $160 million to invest in Bitcoin

ChainCatcher news, Strive (NASDAQ: ASST) announced on November 5, 2025, that it will expand the initial public offering size of its Series A Perpetual Preferred Stock with Variable Rate (SATA stock), increasing the planned issuance from 750,000 shares to 2 million shares, at an offering price of $80 per share, and is expected to raise approximately $160 million.

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