Strive Unveils $500 Million ATM Plan to Buy Bitcoin via SATA Stock Offering

Strive, a U.S.-traded Bitcoin treasury company, announced it has entered into a sales agreement to issue and sell its variable-rate Series A Perpetual Preferred Stock, with a par value of $0.001 per share, known as SATA Stock. The program authorizes an at-the-market offering with a maximum aggregate price of up to $500 million, referred to as the ATM Plan. This facility enhances the company’s capital-flexibility to support strategic funding initiatives.

Net proceeds from the ATM offering are directed to general corporate purposes, including acquiring Bitcoin and Bitcoin-related products, and to bolster working capital. The plan also contemplates purchasing income-generating assets to scale the business and other capital expenditures.

This filing aligns with conventional corporate financing practices, signaling prudent capital management as Strive advances its Bitcoin-focused growth agenda. Investors should note that terms, timing, and regulatory approvals may evolve.