Strive Acquires 220 Bitcoin in Recent Fundraising Effort

Strive, an asset management firm co-founded by Vivek Ramaswamy, has successfully raised capital through its preferred stock offering to acquire 220 Bitcoin over an 11-day period. This recent acquisition has increased the company's total Bitcoin holdings to over 23,000 BTC, valued at billions of dollars based on current market prices. Strive trades on NASDAQ under the ticker ASST and has utilized its Series A Perpetual Preferred Stock (SATA) to fund these purchases without incurring debt or refinancing risks.

The SATA program allows Strive to issue preferred shares, collect the proceeds, and convert them directly into Bitcoin. This innovative approach has enabled the firm to avoid the pitfalls associated with traditional financing methods, such as convertible debt. Since launching the SATA in November 2025, which raised $149.3 million, Strive has significantly ramped up its Bitcoin acquisitions, including notable purchases of 1,800 BTC for approximately $143 million and 2,500 BTC for around $185 million earlier this year.

Strive's strategy includes a variable annualized dividend of approximately 13%, paid daily, making it the first US-listed security to offer such frequent payouts. This feature is designed to attract investors seeking yield, although it also represents a cost that could become burdensome if Bitcoin prices decline. The firm continues to monitor its Bitcoin per share metric to ensure that new share issuances contribute positively to its treasury without diluting existing shareholders' claims.

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Source: KLEA News