Strive Raises $160M in Nasdaq SATA IPO to Acquire 7,525 BTC
Strive Inc. closed an oversubscribed Nasdaq ‘SATA’ IPO, upsizing its Variable Rate Series A Perpetual Preferred Stock from 1.25 million to 2 million shares at $80 each to raise $160 million. The company will deploy the proceeds to expand its Bitcoin treasury to 7,525 BTC, including a recent purchase of 1,567 BTC at an average price of $103,315. As the first corporate treasury firm to rely exclusively on perpetual preferred equity for Bitcoin accumulation, Strive leverages its Well-Known Seasoned Issuer status and $2+ billion in assets under management at Strive Asset Management. This non-dilutive financing model offers conservative investors a fixed-income–like exposure to Bitcoin while supporting predictable returns and long-term digital treasury growth.
Bullish
Strive’s successful $160 million SATA IPO and commitment to deploy all proceeds toward Bitcoin purchases introduces significant new demand for BTC, which is likely to exert upward pressure on price in the short term. As the first firm to use perpetual preferred equity exclusively for Bitcoin accumulation, Strive’s model also underscores growing institutional confidence and offers a blueprint for non-dilutive financing, potentially attracting more conservative capital into digital assets. Over the long term, this trend may enhance market stability by broadening investor base and increasing corporate holdings, reinforcing a bullish outlook for Bitcoin.