Strive clears Semler debt off books, buys more bitcoin after $225 million preferred stock sale

Markets Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Strive clears Semler debt off books, buys more bitcoin after $225 million preferred stock sale The offering of SATA shares was oversubscribed and upsized from the initial $150 million target. By James Van Straten , AI Boost | Edited by Stephen Alpher Jan 28, 2026, 3:18 p.m. Make us preferred on Google What to know : Strive (ASST) raised $225 million through an upsized and oversubscribed SATA preferred offering. The company retired $110 million of the $120 million of legacy debt from recently acquired Semler Scientific (SMLR) Strive also increased its bitcoin treasury by 333.89 coins, bringing the total to roughly 13,132 BTC worth more than $1.1 billion. Bitcoin treasury company Strive (ASST) now has less debt and more bitcoin on its books after raising $225 million via an offering of its SATA preferred stock. With more than $600 million in orders, according to a press release , the offering was upsized from an initially targeted $150 million. 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 & conditions and privacy policy . The proceeds and exchanges enabled Strive to rapidly reduce leverage following its acquisition of Semler Scientific (SMLR). The company retired $110 million of the $120 million of legacy Semler debt, including $90 million of convertible notes exchanged into SATA Stock and the full repayment of a $20 million Coinbase Credit loan. As a result, 100% of Strive’s bitcoin holdings are now unencumbered, with plans to retire the remaining $10 million of debt by April 2026, ahead of its original 12 month timeline. Strive also used some of the funds to acquire an additional 333.89 bitcoin at an average price of $89,851, bringing total holdings to 13,131 BTC and making it the tenth largest public corporate holder globally. Those holdings are worth more than $1.1 billion at bitcoin's current price of $89,100. ASST shares remain under pressure, down 1.5% early Wednesday to $0.81. Bitcoin News Vivek ramaswamy AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards . For more information, see CoinDesk's full AI Policy . More For You Pudgy Penguins: A New Blueprint for Tokenized Culture By CoinDesk Research Dec 30, 2025 Commissioned by Pudgy Penguins Pudgy Penguins is building a multi-vertical consumer IP platform — combining phygital products, games, NFTs and PENGU to monetize culture at scale. What to know : Pudgy Penguins is emerging as one of the strongest NFT-native brands of this cycle, shifting from speculative “digital luxury goods” into a multi-vertical consumer IP platform. Its strategy is to acquire users through mainstream channels first; toys, retail partnerships and viral media, then onboard them into Web3 through games, NFTs and the PENGU token. The ecosystem now spans phygital products (> $13M retail sales and >1M units sold), games and experiences (Pudgy Party surpassed 500k downloads in two weeks), and a widely distributed token (airdropped to 6M+ wallets). While the market is currently pricing Pudgy at a premium relative to traditional IP peers, sustained success depends on execution across retail expansion, gaming adoption and deeper token utility. View Full Report More For You Fidelity Investments starts its own stablecoin in a massive bet that future of banking is on blockchain By Helene Braun | Edited by Aoyon Ashraf 1 hour ago The FIDD token will run on Ethereum, serve institutional and retail users, and comply with the new GENIUS Act’s reserve rules. What to know : Fidelity Investments is launching its first stablecoin, the Fidelity Digital Dollar (FIDD), based on the Ethereum network. FIDD will be backed by reserves of cash, cash equivalents, and short-term U.S. Treasuries managed by Fidelity, in line with the new federal GENIUS Act's standards for payment stablecoins. The stablecoin targets use cases such as 24/7 institutional settlement and onchain retail payments, putting Fidelity in direct competition with dominant issuers like Circle’s USDC and Tether’s USDT while laying groundwork for future onchain financial products. 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