Strive raises $149.3 million in oversubscribed “SATA” IPO, buys 1,567 Bitcoin [Yahoo! Finance]
Strive, Inc. - Class A (ASST)
Company Research
Source: Yahoo! Finance
upsized and oversubscribed initial public offering of its Variable Rate Series A Perpetual Preferred Stock, “SATA.” The company sold 2 million shares at $80 per share, above the initial target of 1.25 million shares. Trading of the SATA stock began Monday morning. From October 28, 2025 to November 9, 2025, Strive also bought some 1,567.2 Bitcoin at an average price of $103,315.46, spending an aggregate $161.9 million on the transaction. The company now holds 7,252 Bitcoin on its balance sheet. “The successful IPO of the SATA Stock makes Strive the first Bitcoin treasury company to finance its Bitcoin amplification exclusively through perpetual preferred equity,” said Matt Cole, chairman and chief executive officer, in a statement. Similar to Microstrategy's “STRC” offering, SATA carries cumulative variable-rate dividends on a stated amount and initial liquidation preference of $100 per share. The company said regular dividends will be payable monthly in arrears beginning Dec.
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News
- Vivek Ramaswamy-Founded Strive Drew $37 Million Investment From This Pension Fund: What You Should Know [Yahoo! Finance]Yahoo! Finance
- Asset Entities Non-GAAP EPS of -$0.01, revenue of $0.25M [Seeking Alpha]Seeking Alpha
- Strive, Inc. Announces Third Quarter 2025 Financial ResultsGlobeNewswire
- Strive Announces Nasdaq Listing of SATA and Closing of Oversubscribed & Upsized IPOGlobeNewswire
- Strive Announces Pricing of Upsized Initial Public Offering of SATA StockGlobeNewswire
ASST
Sec Filings
- 12/3/25 - Form S-4/A
- 12/1/25 - Form SCHEDULE
- 11/17/25 - Form SCHEDULE
- ASST's page on the SEC website