Strive Plans Massive $5.15 Billion Expansion of ATM Programs for Common and Preferred Stock
ASST has more than doubled off its 52-week low of $7.02.
Summary
Strive, Inc. plans to expand its ATM programs by a combined $4.2 billion, bringing the total potential offering size to $5.15 billion across common and preferred stock, signaling massive future dilution.
Key Events · Financing and Capital Events · ASST
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Planned ATM Program Expansion
Strive expects to increase the maximum aggregate offering size of its Class A common stock ATM program by $2.1 billion to a total of $2.55 billion, and its Variable Rate Series A Perpetual Preferred Stock ATM program by $2.1 billion to a total of $2.60 billion.
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Significant Potential Dilution
The combined potential offering size of $5.15 billion across both programs is substantially larger than the company's current market capitalization, indicating a high risk of future dilution for shareholders.
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Follows Prior Capital Raises
This announcement follows previous ATM usage, including a $117 million raise in Q1, and a recent 8-K on May 26, 2026, which mentioned plans for an ATM program refresh.
Analysis · ASST · Crypto Assets
Strive, Inc. announced its intention to significantly expand its At-The-Market (ATM) programs, proposing an increase of $2.1 billion for both its Class A common stock and Variable Rate Series A Perpetual Preferred Stock. This would result in potential future offerings of $2.55 billion for common stock and $2.60 billion for preferred stock, totaling $5.15 billion. This planned expansion represents a substantial potential capital raise, far exceeding the company's current market capitalization, and signals a significant future dilution risk for existing shareholders. The company has previously utilized its ATM program, including raising $117 million in Q1, indicating an ongoing need for capital.
How filings like this one have moved
In the 30 days to Oct 15, 2026, 45.4% of the 295 measured filings Wiseek scored 9 moved their stock by 5% or more by the next session's close. The median move was -0.48%. 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 $17.34 on NASDAQ in the Crypto Assets sector, with a market capitalization of approximately $1.3B. 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.