Strive Starts $500M Preferred Stock "At-The-Money" Program for Bitcoin Purchases

Markets Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Strive Starts $500M Preferred Stock "At-The-Money" Program for Bitcoin Purchases The new preferred stock offering, SATA, strengthens Strive’s capital options as it expands its bitcoin focused strategy. By James Van Straten | Edited by Sheldon Reback Dec 10, 2025, 10:16 a.m. ASST (TradingView) What to know : Strive announced a $500 million at-the-market offering to fund further bitcoin purchases. SATA, the company's preferred stock, offers a 12% dividend and trades below its $100 par value. Proceeds from the offering may also be used for buying income-generating assets or company acquisitions. Strive (ASST), a publicly traded bitcoin BTC $ 92,691.23 treasury and asset-management company, said it arranged a $500 million at-the-market offering (ATM) for its Variable Rate Series A Perpetual Preferred Stock (SATA) to help fund further purchases of the largest cryptocurrency. SATA pays a 12% dividend with an effective yield near 13%, and the security is intentionally modeled after Strategy’s (MSTR) STRC money market style perpetual preferred equity. SATA currently trades around $91, below its $100 par value. An at-the-market offering allows a company to raise funds quickly by selling new stock near the current market price. STORY CONTINUES BELOW Don't miss another story. Subscribe to the Crypto Daybook Americas Newsletter today . See all newsletters Sign me up By signing up, you will receive emails about CoinDesk products and you agree to our terms of use and privacy policy . Proceeds may be used to acquire bitcoin, purchase income-generating assets, support working capital, repurchase common shares or pursue acquisitions, the company said Tuesday. Strive, which holds about 7,525 bitcoin and is in the process of buying Semler Scientific (SMLR), ranks as the 14th-largest publicly traded bitcoin company. Strive’s common stock, ASST, trades near $1 and is down about 2% in pre market activity. Bitcoin News Digital Asset Treasury More For You Protocol Research: GoPlus Security By CoinDesk Research Nov 14, 2025 Commissioned by GoPlus What to know : As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M. GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month. Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B. View Full Report More For You IMF Flags Stablecoins as Source of Risk to Emerging Markets, Experts Say We Aren't There Yet By Omkar Godbole , AI Boost | Edited by Sam Reynolds 2 hours ago The IMF warns that USD-pegged stablecoins could undermine local currencies in emerging markets by facilitating currency substitution and capital outflows. What to know : The IMF warns that USD-pegged stablecoins could undermine local currencies in emerging markets by facilitating currency substitution and capital outflows. Despite concerns, experts argue that the stablecoin market is still too small to have a significant macroeconomic impact. Stablecoins are primarily used for crypto trading, and their market size remains small compared to global currency flows. Read full story Latest Crypto News IMF Flags Stablecoins as Source of Risk to Emerging Markets, Experts Say We Aren't There Yet 2 hours ago XRP Sell Pressure Emerges as Ripple Linked Token Fails to Sustain $2.12 Break 4 hours ago Breakout or Bull Trap? DOGE Jumps Above Resistance on Ethereum Strength 4 hours ago Binance Co-CEO Yi He’s WeChat Account Hacked to Push Memecoin MUBARA 4 hours ago BTC, ETH, SOL, ADA Pull Back Ahead of Fed Meeting Where Rate-Cuts Expected 4 hours ago Bitcoin Holds Near $92K as Selling Cools, but Demand Still Lags 8 hours ago Top Stories IMF Flags Stablecoins as Source of Risk to Emerging Markets, Experts Say We Aren't There Yet 2 hours ago BTC, ETH, SOL, ADA Pull Back Ahead of Fed Meeting Where Rate-Cuts Expected 4 hours ago Binance Co-CEO Yi He’s WeChat Account Hacked to Push Memecoin MUBARA 4 hours ago Proposed ‘AfterDark’ Bitcoin ETF Would Skip U.S. Trading Hours 13 hours ago Michael Saylor Urges Middle East to Become the 'Switzerland of Bitcoin Banking' 17 hours ago How We Decided CoinDesk's Most Influential 2025 Dec 8, 2025 In this article BTC BTC $ 92,691.23 ◢ 2.42 %