Strive is moving to expand its capital-raising capacity by $4.2 billion, fueling one of the fastest Bitcoin accumulation campaigns among public corporate holders. CEO Matt Cole said the company will increase both its ASST and SATA at-the-market (ATM) programs by $2.1 billion each. This gives Strive more flexibility to issue securities and direct proceeds toward Bitcoin, though ATM capacity doesn't mean the full amount has been raised.
Cole stated on X, "Strive expects to increase the size of both the ASST and SATA ATM programs by $2.1 billion each, reflecting a sustained increase in liquidity and demand." This follows a $194 million raise last week through SATA preferred stock, equivalent to about 2,621 BTC. Strive now holds roughly 16,500 BTC, valued at $1.27 billion, ranking seventh among public corporate Bitcoin holders.
SATA, a perpetual preferred stock launched in November 2025, has become central to Strive's strategy. It pays a 13% APR monthly dividend, set to become daily by June 2026. Strive CIO Ben Werkman noted over $100 million in volume on a recent ex-dividend date.
Bitcoin slipped below $70,000 at press time, trading at $69,894.