Strive Expands Preferred Stock ATM Program to $2.6B, Reports $326M in Sales
ASST has more than doubled off its 52-week low of $7.02.
Summary
Strive, Inc. has significantly expanded its At-The-Market (ATM) offering for its preferred stock to $2.6 billion, having already sold $326.3 million, indicating substantial capital raising efforts despite significant dilution.
Key Events · Financing and Capital Events · ASST
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ATM Program Expanded to $2.6 Billion
The company increased the aggregate offering price of its Variable Rate Series A Perpetual Preferred Stock (SATA Stock) from $500 million to $2.6 billion under its At-The-Market (ATM) sales agreement.
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Significant Sales Reported
As of June 2, 2026, Strive, Inc. has sold 3,263,908 shares of SATA Stock, generating gross proceeds of approximately $326.3 million through the ATM program.
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New Sales Agents Appointed
The Sales Agreement was amended to add The Benchmark Company, StoneX Financial Inc., B. Riley Securities, Inc., Maxim Group LLC, and H.C. Wainwright & Co., LLC as additional sales agents.
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Use of Proceeds for Bitcoin & Working Capital
Net proceeds are intended for general corporate purposes, including the acquisition of bitcoin and bitcoin-related products, working capital, and potentially repurchases of Class A Common Stock.
Analysis · ASST · Crypto Assets
Strive, Inc. has finalized a significant expansion of its At-The-Market (ATM) offering for its Variable Rate Series A Perpetual Preferred Stock (SATA Stock) to a total of $2.6 billion. This amendment follows previous disclosures and adds five new sales agents. The company has already sold $326.3 million under this program as of June 2, 2026, representing a substantial capital raise. While this provides critical funding for general corporate purposes, including Bitcoin acquisitions and working capital, the potential for an additional $2.27 billion in sales (over 200% of the current market cap) indicates a highly dilutive strategy for common shareholders. The filing also notes the possibility of using proceeds for Class A Common Stock repurchases, which could partially offset dilution for common shareholders.
At the time of this filing, ASST was trading at $14.58 on NASDAQ in the Crypto Assets sector, with a market capitalization of approximately $1B. The 52-week trading range was $7.02 to $252.00. This filing was assessed with negative market sentiment and an importance score of 9 out of 10.