Strive plans $4.2 billion expansion of stock offering programs to fund Bitcoin buys

Strive (NASDAQ: ASST) has announced that it expects to raise the size of its at-the-market offering programs for both its Class A common stock and its SATA preferred shares by $2.1 billion each. 

The company has also continued building its corporate treasury, adding approximately 2,649 BTC to its holdings. The company’s CEO Matt Cole disclosed the plan on X, writing that the increases show that there is demand for both securities.

Strive plans $4.2 billion ATM expansion 

Strive Inc. (NASDAQ: ASST) has announced that it will be increasing the size of its at-the-market offering programs for both its Class A common stock and its SATA preferred shares by a combined $4.2 billion ($2.1 billion each). If completed, the Class A common stock ATM program would grow to a maximum of $2.55 billion, while the SATA preferred stock program would reach $2.6 billion.

CEO Matt Cole announced on social media that the decision is due to increased liquidity and investor demand for both securities. Cole added that Strive would release an updated balance sheet before U.S. markets open on Tuesday, June 2.

The expansions are required to make the necessary filings with the U.S. Securities and Exchange Commission, including amended prospectus supplements and a certificate of amendment for SATA. The company emphasized that the announcement does not constitute an offer to sell securities. 

Strive qualifies as an emerging growth company under SEC regulations. The company reported eliminating all outstanding debt as of May 12 and holds no margin requirements or encumbered Bitcoin 

What is the value of Strive’s current Bitcoin holdings? 

BitcoinTreasuries.net referred to this week as “the most impressive” one in SATA’s history. During the shortened Memorial Day trading week that ended May 30, Strive acquired an estimated 2,649 Bitcoins across four days, worth roughly $193 million at an average price of about $73,000 per coin. 

Friday alone accounted for an estimated 1,179 BTC purchased with $86.65 million in net proceeds. That single-day figure was larger than any previous full week of SATA-funded acquisitions. 

Strive now holds approximately 16,500 BTC, placing it seventh among publicly traded corporate Bitcoin holders on the BitcoinTreasuries.net leaderboard, just above Coinbase at 16,492 BTC and Riot Platforms at 15,680 BTC.

SATA is a perpetual preferred stock with no fixed maturity date that pays a 13% annualized dividend. Proceeds from share sales go primarily toward Bitcoin acquisitions. SATA will begin paying its dividends daily starting June 16.

Cryptopolitan previously reported that the initial $149.3 million SATA offering in November 2025 funded the purchase of 1,567 BTC. The company has since grown its total holdings from 69 BTC in September 2025 to the current 16,500 through 17 separate purchases.

H.C. Wainwright has set a $36 price target on ASST. The stock closed at $18.21 on Friday and has gained 133% over the past three months, though it remains down more than 80% from its 2025 peak. The company reported a GAAP net loss of $265.9 million for Q1, driven by Bitcoin’s decline during the quarter.

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