Strive Inc. (ASST) announced on May 13 that it plans to expand each of its A-class common stock and SATA preferred stock at-the-market (ATM) offering programs by $2.1 billion, for a total equity increase of $4.2 billion. It also disclosed that it has already increased its holdings by about 2,649 bitcoins this week, valued at approximately $193 million, with an average purchase price of about $73,000 per coin.
Authorized scale after the expansion of the ATM program
Upon completion of this expansion, the A-class common stock ATM program would reach $2.55 billion, the SATA preferred stock ATM program would reach $2.6 billion, and the company’s total ATM aggregate capacity would rise to $5.15 billion. This expansion requires filing amended prospectus supplement documents with the U.S. SEC and amended certificates for SATA. Strive confirmed that this announcement does not constitute an offer to sell securities.
SATA dividend structure: daily distributions starting June 16
SATA is a perpetual preferred stock with no fixed maturity date, and an annualized dividend rate of 13%. According to Strive’s official announcement, SATA dividends will be distributed on a daily basis starting June 16, 2026. The proceeds from the issuance of the stock will be mainly used to purchase bitcoin.
SATA was first issued in November 2025, raising $149.3 million to buy 1,567 bitcoins. Since then, through 17 separate acquisitions, Strive has increased its holdings from 69 bitcoins in September 2025 to the current 16,500 bitcoins.
Bitcoin holdings: 16,500 BTC, seventh among global companies
During the Memorial Day shortened trading week (May 26 to May 30), Strive purchased a total of about 2,649 bitcoins over four trading days. Of that, its Friday single-day purchases were about 1,179 bitcoins, generating net proceeds of approximately $86.65 million—exceeding the total bitcoin acquisition amount funded by SATA in any prior single week. BitcoinTreasuries.net defines this week as “the most impressive week in SATA’s history.”
Strive currently holds about 16,500 bitcoins, ranking seventh among publicly traded companies on BitcoinTreasuries.net, ahead of Coinbase (8th) with 16,492 BTC and Riot Platforms (9th) with 15,680 BTC. HC Wainwright currently sets a price target of $36 for ASST. The stock closed last Friday at $18.21, up 133% over the past three months.
FAQ
How does Strive’s ATM program work, and what will the expanded funds be used for?
The ATM (at-the-market) program allows Strive to continuously issue A-class common stock or SATA preferred stock at prevailing market prices. The funds raised are primarily used to purchase bitcoin. Expanding each by $2.1 billion provides greater financing capacity for the company to keep accumulating bitcoin.
What major rights do holders of SATA preferred stock enjoy?
The core benefit for SATA holders is an annualized 13% dividend, distributed daily starting June 16, 2026. SATA is a perpetual preferred stock with no fixed maturity date. The proceeds from the stock issuance are mainly used to purchase bitcoin, so SATA holders indirectly benefit from changes in the value of bitcoin assets.
What is Strive’s position in the global ranking by company bitcoin holdings?
As of May 13, 2026, Strive holds about 16,500 bitcoins, ranking seventh in the public company bitcoin holdings leaderboard on BitcoinTreasuries.net, ahead of Coinbase (16,492 BTC, 8th) and Riot Platforms (15,680 BTC, 9th).
