Strive shares rise 10.89% pre-market after upsizing $160M preferred stock IPO for Bitcoin acquisitions and growth.

Strive Inc. (ASST) surged 10.89% in premarket trading following the announcement of a $160 million upsized initial public offering of Variable Rate Series A Perpetual Preferred Stock. The offering, priced at $80 per share, will fund acquisitions, Bitcoin purchases, share repurchases, and corporate growth. The strategic move, coupled with the appointment of Ben Werkman as Chief Investment Officer to oversee capital deployment and risk management, signaled strong investor confidence in Strive’s expansion plans, particularly in the Bitcoin space. The upsized IPO reflects institutional demand for the company’s capital-raising strategy, mirroring broader market interest in Bitcoin treasury models pioneered by peers like MicroStrategy.