US EditionStrive (ASST) Proposes $150 Million Sale of SATA Preferred Stock to Repay Debt, Buy BTC
Strive aims to raise $150 million through a follow-on offering to repay convertible notes, acquire bitcoin, and support corporate operations, with dividends starting Feb 15, 2026.
- This past week, Strive filed a prospectus supplement under an effective shelf registration with the Securities and Exchange Commission to offer SATA Stock and intends to use proceeds to repay 4.25% Convertible Senior Notes due 2030.
- Funding plans include repayment of Semler Convertible Notes and borrowings under Coinbase Credit Inc., acquisition of bitcoin and bitcoin-related products, and working capital and general corporate purposes.
- SATA Stock carries several notable mechanics: the monthly regular dividend rate per annum is 12.25%, unpaid dividends compound monthly up to a 20% maximum compounded rate, and redemption price is $110 per share with a $100 liquidation preference.
- The company warned that statements in the release are forward-looking and involve risks under the Securities Act, including expectations about the transaction, timing, and size of the offering.
- Strive says its current intention is to adjust dividend policy to align SATA Stock with the stated long-term trading range, but it cannot reduce the monthly regular dividend rate until three months following November 10, 2025.
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19 Articles
Strive (ASST) Stock: Bitcoin Treasury Company Launches $150M Preferred Share Sale
TLDR Strive (ASST) unveiled a $150 million Variable Rate Series A Perpetual Preferred Stock offering on January 21, 2026 Funds will repay Semler Scientific’s convertible debt, clear Coinbase Credit loans, and purchase bitcoin Private note-for-stock exchanges are being negotiated separately that could reduce the public offering size SATA preferred stock offers 12.25% annual dividends paid monthly with a 12-month dividend reserve at closing Striv…
Strive Targets $150M Raise to Cut Debt and Buy More Bitcoin
Strive plans to raise to $150M through SATA preferred stock to pay down Semler liabilities and buy Bitcoin. The firm will offer debt-for-equity swaps to convert Semler notes into preferred shares and simplify its capital structure. Strive’s move comes as crypto treasury companies face heavy 2026 pressure to build yield beyond asset holdings. Strive, a fund management company founded by former US Presidential candidate Vivek Ramaswamy, is on the …
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