Despite bitcoin dipping below $100,000 last week, investor appetite for Strive’s SATA offering remained strong, prompting an upsized IPO to 2 million shares from an initial 1.25 million. The offering was priced at $80 per share and begins trading under the ticker “SATA,” reflecting market confidence in Strive’s bitcoin-centered capital strategy.

According to the filing, Strive’s preferred equity aims to finance additional bitcoin purchases through non-dilutive mechanisms — essentially creating a “ bitcoin amplification toggle” to build long-term shareholder value without issuing more common shares.

Chairman and CEO Matt Cole called the offering a milestone, noting it made Strive the first bitcoin treasury company to fund its bitcoin accumulation purely through perpetual preferred equity. “We’ve quickly shown the market both the speed and precision our team operates with to drive long-term value to our shareholders, with bitcoin as our hurdle rate,” Cole said.

Strive’s SATA shares carry a variable monthly dividend, initially set at 12%, with the company targeting a long-term trading range between $95 and $105 per share. CIO Ben Werkman described it as an “attractive yield opportunity” backed by disciplined risk management, while Chief Risk Officer Jeff Walton cited bitcoin’s liquidity and transparency as ideal for structured yield instruments.

Strive’s bitcoin-first strategy positions it alongside other digital asset treasuries like Strategy, which pioneered perpetual preferred equity issuance earlier this year. With roughly 7,525 BTC under management, Strive now stands among the largest public corporate holders of bitcoin, signaling that Ramaswamy’s bet on digital reserves isn’t slowing down.

• How much bitcoin does Strive hold?
  Strive holds approximately 7,525 bitcoin as of Nov. 10, 2025.
• What was Strive’s average purchase price?
  The company bought 1,567 bitcoin at an average of $103,315 per coin.
• What is SATA and why is it important?
  SATA is Strive’s Nasdaq-listed preferred stock designed to fund additional bitcoin accumulation.
• Who leads Strive’s bitcoin strategy?
  Chairman and CEO Matt Cole and CIO Ben Werkman oversee the firm’s bitcoin-focused capital management.

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