Strive launches $500 million preferred stock offering program

Strive Inc. (NASDAQ: ASST; SATA) announced it has entered into a sales agreement for an at-the-market offering program to sell up to $500 million of its Variable Rate Series A Perpetual Preferred Stock.

The company plans to use proceeds for general corporate purposes, including bitcoin and bitcoin-related product acquisitions, working capital, purchasing income-generating assets, capital expenditures, share repurchases of Class A common stock, and debt repayment. Strive may also fund acquisitions of complementary businesses, assets, or technologies.

The preferred stock can be sold through methods deemed "at-the-market offerings" under Securities Act Rule 415(a)(4) or other legally permitted methods. Sales will occur under a prospectus supplement filed with the Securities and Exchange Commission on December 9, 2025, under an existing shelf registration statement effective September 15, 2025.

Strive describes itself as a publicly traded asset management company with a bitcoin treasury strategy, holding approximately 7,525 bitcoins as of November 7, 2025. The company aims to increase bitcoin per share to outperform bitcoin over time.

Strive Asset Management LLC, a wholly owned subsidiary and SEC-registered investment adviser, manages over $2 billion in assets since launching its first exchange-traded fund in August 2022.

The announcement comes as Strive is pursuing a proposed merger with Semler Scientific Inc., with related documentation filed with the SEC on December 3, 2025.

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