Strive is getting ready to increase its ability to raise capital by $4.2 billion. The Bitcoin treasury company plans to use the funds to buy more Bitcoin, continuing one of the fastest accumulation efforts among publicly traded corporate holders. CEO Matt Cole said the company expects to expand both its ASST and SATA at-the-market (ATM) programs by $2.1 billion each. This proposed expansion would give Strive much more flexibility to sell securities into the market and use the proceeds for its Bitcoin strategy. However, having ATM capacity doesn’t mean the full amount has already been raised. “Strive expects to increase the size of both the ASST and SATA ATM programs by $2.1 billion each, reflecting a sustained increase in liquidity and demand for both securities. We will provide a balance sheet update tomorrow pre-market,” Cole wrote on X.
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This announcement comes shortly after Strive raised about $194 million through its SATA preferred stock offering last week, which is roughly equivalent to 2,621 BTC at current market prices. The company currently holds around 16,500 BTC, valued at about $1.27 billion, making it one of the largest public Bitcoin treasury companies. According to BitcoinTreasuries.net’s public-company leaderboard, Strive ranks seventh among listed corporate Bitcoin holders with 16,500 BTC. The companies ahead of it are Strategy, by far the largest holder with over 843,000 BTC, followed by Twenty One Capital, Metaplanet, MARA Holdings, Bitcoin Standard Treasury Company, and Bullish.
SATA Becomes The Bitcoin Funding Engine
SATA has become central to that model. Strive launched the Variable Rate Series A Perpetual Preferred Stock in November 2025, with the IPO upsized to 2 million shares from an initial target of 1.25 million shares. At that time, the company said it had acquired 1,567 BTC at an average price of $103,315 and held 7,525 BTC as of November 10, 2025.
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“The successful IPO of the SATA Stock makes Strive the first Bitcoin treasury company to finance its Bitcoin amplification exclusively through perpetual preferred equity, and the second overall, after Strategy, to issue a publicly traded perpetual preferred equity security,” Cole said at the time. “While Strive only went public in September, we’ve quickly shown the market both the speed and the precision our team operates with to drive long-term value to our shareholders, with Bitcoin as our hurdle rate.”
The product has since become a bigger part of Strive’s capital structure. The company’s website says SATA’s 13% APR monthly dividend schedule is set to switch to daily payments starting June 16, 2026, increasing the dividend frequency from 12 payments per year to about 250 payments per year. Strive has also said it aims for a $99 to $101 trading range for SATA and holds cash and marketable securities in reserve for dividend payments.
Strive CIO Ben Werkman wrote via X late Monday: “More than $100M in volume on the ex-dividend date, with a closing price of $99.56, down just 0.44% from par. Continued progress for SATA.”
At press time, BTC traded at $69,894.
Featured image created with DALL.E, chart from TradingView.com
Frequently Asked Questions
Here is a list of FAQs about Strive raising 42 billion to buy more Bitcoin written in a natural clear tone
BeginnerLevel Questions
1 What is Strive doing
Strive is planning to raise 42 billion by selling shares of its company on the stock market The money will be used to buy more Bitcoin
2 What is an atthemarket offering
Its a way for a company to sell new shares of its stock slowly over time directly into the stock market rather than doing one big sale all at once Its like selling cookies a few at a time instead of baking one giant cake
3 Why do they need 42 billion
They want to buy a huge amount of Bitcoin The company believes Bitcoin is a good investment and they want to own as much as possible
4 Is this a risky move
Yes its very risky Bitcoins price is very volatile If Bitcoins price drops the value of Strives investmentand its stockcould fall sharply
5 How does this affect me if I own Strive stock
It could dilute your ownership When Strive sells new shares your existing shares represent a slightly smaller piece of the company However if Bitcoins price goes up the total value of the company might increase potentially offsetting that dilution
IntermediateLevel Questions
6 What exactly is an ATM offering compared to a regular stock sale
In a regular stock sale the company announces a fixed price and sells a big block of shares at once In an ATM offering the company sells shares bit by bit on the open market at whatever the current market price is over weeks or months This is less disruptive to the stock price
7 Will this 42 billion be raised all at once
No Strive will likely sell shares gradually depending on market conditions and how much Bitcoin they want to buy at any given time They have a program in place to sell up to 42 billion worth of shares but they might not sell all of it