Strive to Raise $160 Million Through BTC-Linked Preferred Stock Offering

Strive is set to raise approximately $160 million by upsizing its preferred stock offering to 2 million shares of Variable Rate Series A perpetual preferred stock (SATA), priced at $80 each. This offering comes with an initial 12% annual dividend and is scheduled to close on November 10, 2025. Strive, which focuses on building a bitcoin treasury, will utilize the net proceeds for general corporate purposes, including investments in bitcoin and related projects, working capital, and potential acquisitions. The company currently holds the 17th largest bitcoin reserve among publicly traded firms, amounting to 5,958 BTC. The stock offers a monthly dividend starting December 15 and features conditions that could adjust the dividend rate based on market changes. In trading, Strive shares have recently experienced significant increases, closing 17% higher on Wednesday and seeing an 8% pre-market rise Thursday.

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