Strive Plans $500 Million Fundraising to Buy Bitcoin and Other Assets

Chainthink

Release Time: 2026/10/14 00:14:42

Summary

Bitcoin breaking news: On October 14, 2026, Strive (ASST) announced a $500 million fundraising plan through 5 million perpetual preferred shares (SATS) priced at $100 each. The funds will be used to purchase Bitcoin, income-generating assets, or repurchase shares. SATS will pay a fixed daily dividend of 15%, with lower claim priority than existing SATA shares. Strive also plans to establish a reserve fund to cover the first 18 months of SATS dividends. Last week, the company added 3,311 BTC to its holdings, bringing its total Bitcoin holdings to 32,773 BTC, valued at approximately $270 million.

ChainThink reports that on October 14, according to CoinDesk, Bitcoin treasury company Strive (ASST) plans to issue a new class of perpetual preferred shares, SATS, at $100 per share, offering 5 million shares to raise $500 million.

The raised funds are intended for increasing Bitcoin holdings, acquiring income-generating assets, or repurchasing company shares. SATS has a fixed dividend rate of 15%, paid daily, and ranks junior to Strive’s existing SATA preferred shares, which have a floating dividend rate currently at 13%.

Strive also plans to establish a reserve equal to the total dividends paid over the first 18 months of SATS upon completion of the issuance. Last week, Strive increased its Bitcoin holdings by 3,311 BTC, bringing its total holdings to 32,773 BTC, valued at approximately $2.7 billion.

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