Strive expands $4.2B ATM to buy more Bitcoin via SATA

Strive (NASDAQ: ASST) plans to increase its at-the-market (ATM) stock programs by $4.2 billion to fund its bitcoin corporate treasury strategy: $2.1B for Class A common stock and $2.1B for SATA preferred shares. The company cites sustained demand and liquidity, supported by updated SEC filings and an amended prospectus. In parallel, Strive continued adding Bitcoin. For the week ending May 30 (Memorial Day shortened week), it acquired an estimated 2,649 BTC across four days, including about 1,179 BTC on Friday using roughly $86.65M in net proceeds. This follows earlier momentum in which Strive bought about 2,624 BTC in the week ending May 24—the fastest streak to date—bringing total holdings to around 16,500 BTC. SATA remains the key funding lever: a perpetual preferred stock with an annualized ~13% dividend, paid out starting June 16 (with daily payments). Traders should watch whether new ATM proceeds are quickly converted into actual Bitcoin purchases, and whether the dividend obligation meaningfully impacts per-share dilution and sensitivity to Bitcoin’s price versus Strive’s estimated ~ $99,000–$102,000 acquisition cost range.