Catenaa, Tuesday, December 16, 2025- Strive launched a $500 million at the market offering for its Variable Rate Series A Perpetual Preferred Stock on Tuesday as the firm seeks added capital for its bitcoin treasury operations.
The prospectus said Strive entered a sales agreement with Cantor Fitzgerald, Barclays and Clear Street to sell SATA shares directly into the market at ongoing prices.
The structure allows gradual issuance instead of a single fixed price sale.
The dividend rate for the preferred stock is set at 12 percent each year. The regular dividend period began on November 10, 2025.
The company said it can adjust the rate later based on its needs. Strive wrote on social media that the new offering follows the earlier SATA stock sale that was increased before its market debut.
The company said the fresh round of capital will go toward general corporate uses, including future bitcoin acquisitions.
Strive closed the original offering of SATA on November 10 at $80 for each share after raising the size from 1.25 million to 2 million shares.
The preferred stock began trading on the Nasdaq Global Market shortly after.
The company describes itself as a publicly traded asset management firm that holds a bitcoin treasury. Strive said it held 7,525 BTC as of November 7.
The long term target is to increase bitcoin held for each share through ongoing purchases.
SATA ended Tuesday up 0.088 percent at $91.15. Strive’s Class A stock rose 3.57 percent to $1.02.
