Strive Launches $500M Perpetual Preferred Offering to Fund Bitcoin Strategy
ASST has more than doubled off its 52-week low of $7.02.
Summary
Strive filed a prospectus supplement for a 5,000,000 share offering of 15.00% Series A Perpetual SATS Preferred Stock at $100 per share, with proceeds earmarked for bitcoin acquisitions and general corporate purposes.
Updates
· SEC FWP — The investor presentation details SATS terms: 15% fixed dividend paid every business day, junior to SATA, $100 stated amount, first payment Nov. 9, 2026, and a dividend reserve covering 18 months.
Key Events · Financing and Capital Events · ASST
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New $500M Preferred Offering
Strive is offering 5,000,000 shares of 15.00% Series A Perpetual SATS Preferred Stock at $100 stated amount per share, raising up to $500 million before expenses.
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Dividend Reserve Funded
At closing, Strive will deposit $22.50 per share into a dividend reserve, covering the first 18 months of dividend payments using existing cash and securities.
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Nasdaq Listing Application
Strive has applied to list the SATS Stock on Nasdaq Global Market under symbol 'SATS', with trading expected within 30 days of issuance if approved.
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ATM Program Planned
Following listing, Strive intends to commence an at-the-market offering of SATS Stock, though terms have not been established.
Analysis · ASST · Crypto Assets
Strive is raising up to $500 million through a new 15% perpetual preferred stock, adding a second layer of preferred equity below its existing SATA Stock. The 15% dividend rate is high, reflecting the company's aggressive bitcoin treasury strategy and recent losses. The offering includes a dividend reserve covering 18 months of payments, but after that, dividends depend on continued capital raises. This is a significant capital event that expands Strive's financing toolkit while adding a new fixed-income-like instrument for investors.
How filings like this one have moved
In the 30 days to Oct 28, 2026, 30.5% of the 1494 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.03%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, ASST was trading at $27.69 on NASDAQ in the Crypto Assets sector, with a market capitalization of approximately $2.8B. The 52-week trading range was $7.02 to $36.20. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.