TLDR:
- Strive’s IPO offers 2M SATA preferred shares with 12% yield.
- SATA stock to list on Nasdaq under ticker “SATA,” boosting Bitcoin holdings.
- Strive’s new preferred equity provides monthly dividends and growth.
- Strive Asset Management raises $160M to expand Bitcoin portfolio.
- SATA preferred stock IPO offers strong returns with strategic growth plans.
Strive Asset Management, LLC (ASST) closed at $1.4800, down by 1.99%.
Strive, Inc., ASST
ASST has launched its initial public offering (IPO) of 2,000,000 shares of Strive’s Variable Rate Series A Perpetual Preferred Stock (SATA Stock), priced at $80 per share. The SATA Stock will begin trading on the Nasdaq Global Market on or around November 10, 2025, under the ticker symbol “SATA.” Despite Bitcoin’s recent dip below $100,000, Strive’s offering saw strong demand, leading to an increase in shares offered from the initial 1.25 million to 2 million.
Strive’s Capital Strategy Focused on Bitcoin Amplification
Strive plans to use the proceeds from this offering to further strengthen its Bitcoin holdings. The company currently holds 7,525 Bitcoin and aims to expand this through non-dilutive financing methods. This strategy will allow Strive to enhance value for its common equity shareholders while minimizing dilution. Strive’s focus on Bitcoin as the foundation of its capital structure is aligned with its goal to leverage Bitcoin’s growth potential.
Strive’s move into perpetual preferred equity also distinguishes it from other Bitcoin treasury companies. The issuance of the SATA Stock marks a first for Strive, as it becomes the first Bitcoin treasury company to utilize this financing method. The offering also positions Strive as the second company overall to issue publicly traded perpetual preferred equity in the Bitcoin space. Matt Cole, Chairman and CEO of Strive, emphasized the company’s operational speed and precision in executing this strategy, which he believes will drive long-term value for shareholders.
SATA Stock Offering and Its Structure
The SATA Stock is designed to provide regular, variable-rate dividends, starting with an annual yield of 12%. Dividends will be paid monthly on the 15th calendar day, beginning December 15, 2025, provided the board approves them. The stock’s liquidation preference is set at $100 per share, with a stated amount of $100 as well. Strive intends to manage the dividend and issuance rates actively, aiming to keep the SATA Stock trading between $95 and $105 per share over the long term.
Ben Werkman, Chief Investment Officer of Strive, noted that the structure of the SATA Stock is crafted with investor interest in mind. The preferred equity provides an attractive yield opportunity while maintaining long-term value stability. Werkman further emphasized Strive’s disciplined approach to capital structure, ensuring that each addition aligns with the company’s broader financial goals.
The strategic issuance of the SATA Stock is part of Strive’s broader capital management plan. This follows the company’s successful equity-only financing for its Bitcoin treasury in September 2025. By issuing preferred equity, Strive adds a new layer of financing flexibility, which enhances its ability to grow its Bitcoin assets without issuing more common equity. This move is a critical step in Strive’s efforts to continue growing its portfolio and enhancing shareholder value.
Get 3 Free Stock Ebooks
Discover top-performing stocks in AI, Crypto, and Technology with expert analysis.
- Top 10 AI Stocks - Leading AI companies
- Top 10 Crypto Stocks - Blockchain leaders
- Top 10 Tech Stocks - Tech giants
