"The company plans to sell Variable Rate Series A Perpetual Preferred Stock, known as SATA. The offering allows Strive to issue shares into the market at prevailing prices rather than through a single sale. The structure gives the firm flexibility to raise capital as demand allows. SATA carries a 12% dividend and an effective yield near 13%. The preferred stock is modeled on Strategy's STRC perpetual preferred equity, which has been used as a funding tool for bitcoin accumulation."
"SATA currently trades around $91, below its $100 par value. Strive said proceeds may be used for a range of purposes. These include buying bitcoin, purchasing income-generating assets, supporting working capital, repurchasing common shares, or pursuing acquisitions. The company did not specify how much of the raise would be allocated to bitcoin purchases. Strive currently holds about 7,525 bitcoin, valued at roughly $695 million at recent market prices. That positions the firm as the 14th-largest publicly traded corporate holder of bitcoin."
Strive arranged a $500 million at-the-market offering of Variable Rate Series A Perpetual Preferred Stock (SATA) to raise capital for bitcoin purchases and other corporate needs. SATA carries a 12% dividend and an effective yield near 13% and currently trades around $91, below its $100 par value. Proceeds may fund bitcoin acquisitions, income-generating assets, working capital, share repurchases, or acquisitions, though allocation to bitcoin was not specified. Strive holds about 7,525 bitcoin, valued at roughly $695 million, making it the 14th-largest publicly traded corporate bitcoin holder. The company has pursued a bitcoin-focused treasury strategy following a reverse merger.
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