Key Highlights
- Strive has expanded its Bitcoin treasury, acquiring 1,567 additional Bitcoin at an average price of $103,315
- The company expects the monthly dividends for its SATA preferred stock to be classified as Return on Capital (ROC)
- This structure is designed to provide tax advantages for investors, which increases the after-tax yield
Strive has announced the successful completion of its initial public offering for a unique type of stock.
Strive updates:
1. SATA listed on Nasdaq following oversubscribed & upsized IPO.
2. Strive acquired 1,567 BTC for ~$162M at ~$103,315 per Bitcoin. As of 11/10/25, we hodl 7,525 Bitcoin.
3. New $ASST & $SATA investor presentation released.
4. $SATA dividends expected to be ROC…
— Strive (@strive) November 10, 2025
The company successfully sold 2 million shares of its Variable Rate Series A Perpetual Preferred Stock to investors. Each share was priced at $80. Trading for this new stock, which carries the ticker symbol “SATA,” is expected to begin on the Nasdaq Global Market on November 10.
Strive Creates Roadmap for Future Corporate Treasuries
This strong investor demand shows a recent trend in how public companies view Bitcoin. It is no longer just a side investment but is becoming the main part of their financial strategy, which is accelerating a trend started by firms like Strategy.
Strive has established itself as the first major asset management firm to fully commit to a Bitcoin treasury. The company used the money from this stock sale to buy a massive amount of Bitcoin.
On November 10, it purchased 1,567 new Bitcoins at an average price of $103,315 per coin. This brings its total holdings to 7,525 Bitcoin.
“The successful IPO of the SATA Stock makes Strive the first Bitcoin treasury company to finance its Bitcoin amplification exclusively through perpetual preferred equity, and the second overall, after Strategy, to issue a publicly traded perpetual preferred equity security,” Matt Cole, Chairman & CEO, said. in a press release.
“While Strive only went public in September, we’ve quickly shown the market both the speed and the precision our team operates with to drive long-term value to our shareholders, with Bitcoin as our hurdle rate,” he said.
Investor Confidence Amid Market Turbulence
After the Bitcoin price fell below the $100,000 mark, investor appetite for Strive’s SATA stock was exceptionally strong. The demand was so major that the company made a decisive plan to increase the size of its initial public offering.
“At Strive, we are deliberate with every addition to our capital structure, and that discipline is reflected in the design of our initial Perpetual Preferred Equity,” said Ben Werkman, Chief Investment Officer. “By introducing a variable-rate dividend security initially set at 12% and payable monthly when declared, we’re providing investors with an attractive yield opportunity. When paired with our intention to actively manage the dividend and issuance rate with the goal of maintaining SATA Stock’s trading price within its stated long-term range of $95 and $105 per share, we believe this structure represents a compelling value proposition.”
It ultimately sold 2 million shares, a sharp increase from the 1.25 million shares it had originally planned to offer.
The capital raised from this special equity offering serves a very specific strategic purpose. It is designed to function as what the company calls a “Bitcoin amplification toggle.” The main purpose of this initiative is to use these new funds, which were raised without diluting the value of existing common shares, to purchase more Bitcoin.
“We are focused on applying advanced mathematic risk controls to our Bitcoin-based balance sheet, leaning on past experiences in traditional finance,” Jeff Walton, Chief Risk Officer, said. “We believe Bitcoin’s maturation as a scarce, liquid, and transparent asset makes it an incredible foundation for a disciplined long duration risk conscious yield instrument. This structure aligns the principles of traditional finance and portfolio management with the future of digital capital.”
Strive’s status as a well-known seasoned issuer, a formal designation with the Securities and Exchange Commission, provides a huge financial advantage.
This standing, supported by an active shelf registration, allows the company to quickly access capital through a variety of financial instruments.
With the successful SATA offering, the company is continuously executing its strategic capital plan. This follows the company’s record-breaking equity financing last September.
