Bitcoin News Today: Strive Pioneers Bitcoin Treasury Model with Perpetual Equity Raise

Strive Inc. (Nasdaq: ASST) has become the latest entrant in the corporate Bitcoin treasury trend, raising $149.3 million through an upsized and oversubscribed initial public offering of its Variable Rate Series A Perpetual Preferred Stock (SATA). The offering, which sold 2 million shares at $80 apiece, exceeded the initial target of 1.25 million shares, underscoring investor appetite for Bitcoin-linked capital structuresStrive Announces Pricing of Upsized Initial Public Offering of SATA Stock. The company simultaneously acquired 1,567.2 Bitcoin at an average price of $103,315, spending $161.9 million in a move that brings its total holdings to 7,252 BitcoinStrive raises $149.3 million in oversubscribed “SATA” IPO, buys 1,567 Bitcoin.

The IPO positions Strive as the first Bitcoin treasury company to finance its digital asset amplification entirely through perpetual preferred equity, a strategy akin to MicroStrategy's STRC offeringStrive raises $149.3 million in oversubscribed “SATA” IPO, buys 1,567 Bitcoin. Regular dividends for the SATA stock, which began trading on the Nasdaq Global Market on November 10, will be paid monthly starting December 15, 2025, with an initial dividend rate of 12% annuallyStrive Announces Pricing of Upsized Initial Public Offering of SATA Stock. The company anticipates these distributions will qualify as return-of-capital (ROC) dividends, enhancing after-tax yields for investorsStrive Announces Nasdaq Listing of SATA and Closing of Oversubscribed & Upsized IPO.

Strive's aggressive Bitcoin acquisition aligns with broader market trends of institutional adoption. The firm, backed by biotech entrepreneur Vivek Ramaswamy, has appointed a new Chief Investment Officer with expertise in Bitcoin treasury advisory to deepen its digital asset strategyVivek Ramaswamy's Strive buys 1,567 Bitcoin valued at $162 million. Ramaswamy, who has previously criticized traditional financial systems, now holds a stake in the company following the IPOStrive raises $149.3 million in oversubscribed “SATA” IPO, buys 1,567 Bitcoin.

The offering proceeds will also fund general corporate purposes, including Bitcoin purchases, working capital, and potential acquisitions of complementary businessesStrive Announces Pricing of Upsized Initial Public Offering of SATA Stock. Strive's wholly owned subsidiary, Strive Asset Management, oversees $2 billion in assets and launched its first ETF in August 2022Strive raises $149.3 million in oversubscribed “SATA” IPO, buys 1,567 Bitcoin. The company's balance sheet now reflects a strategic pivot toward non-dilutive financing, allowing it to expand Bitcoin holdings without diluting common shareholdersStrive Announces Nasdaq Listing of SATA and Closing of Oversubscribed & Upsized IPO.

Market observers note that Strive's approach mirrors broader shifts in corporate treasury management, where Bitcoin is increasingly viewed as a hedge against inflation and a store of valueVivek Ramaswamy's Strive buys 1,567 Bitcoin valued at $162 million. The firm's chairman and CEO, Matt Cole, emphasized the IPO's significance, stating it "demonstrates the speed and precision of our team in driving long-term value, with Bitcoin as our hurdle rate"Strive Announces Nasdaq Listing of SATA and Closing of Oversubscribed & Upsized IPO.