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Strive, the Bitcoin-focused issuer backed by Vivek Ramaswamy, has launched a market plan to sell its Series A floating-rate perpetual preferred shares price as much as $500 million.
According to reports, the offering was filed on December 9, 2025 and the web proceeds will be used for general corporate purposes, including purchasing Bitcoin and Bitcoin-related products.
Strive launches $500 million program
The public asset manager signed a sales agreement naming Cantor Fitzgerald, Barclays and Clear Street as placement agents for this system.
The ATM structure reportedly allows Strive to sell SATA shares on the open market over time quite than in a single block. The prospectus complement related to this system makes clear how the offering matches into Strive's capital toolbox.
Announcement from Strive in context
Strive has steadily added Bitcoin to its balance sheet this 12 months. The company reportedly purchased roughly 1,567 BTC between October 28 and November 9 at a median price of roughly $103,315 per coin, bringing its total holdings to roughly 7,525 BTC as of early November.
These numbers place Strive among the many larger public Bitcoin holders and explain why the corporate prefers to depend on preferred equity quite than other financing methods.
BTCUSD is now trading at $91,835. Chart: TradingView
Bitcoin holdings and up to date purchases
Strive's stated goal is reportedly to extend Bitcoin per share over time. The company has designed preferred stock products like SATA as a solution to finance future crypto purchases while offering investors a distinct payout structure than common stock.
This mix – treasury Bitcoin plus income assets – is what Strive presented to shareholders in recent filings and investor updates.
Image: Nanalyze
Semler deal and former purchase plan
Strive's acquisition strategy can also be reportedly tied to an earlier announcement to buy lots of more coins as a part of a company deal.
Reuters reported that Strive announced in September that it might purchase 5,816 BTC for $675 million as a part of its planned Semler acquisition, a move that might bring total holdings to over 10,900 BTC upon completion.
This disclosure highlights how the ATM program could fit right into a broader plan to extend Bitcoin reserves.
Market response
Stocks tied to Strive moved on the news. Some market sites noted slight increases in SATA and Strive's Class A typical shares following the filing's release.
Investors and analysts shall be watching the execution closely: an ATM sale can occur step by step, and timing matters when buying a volatile asset like Bitcoin.
The preferred stock route also has payout and conversion features that investors must balance against dilution and price of capital.
Featured image from Unsplash, chart from TradingView
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