Strive raises $10M in ATM proceeds to acquire over 130 Bitcoin

Strive, Inc. has surpassed $10 million in proceeds from its at-the-market (ATM) preferred stock program, deploying the capital into more than 130 Bitcoin. The acquisition vehicle utilizes Strive's Variable Rate Series A Perpetual Preferred Stock (SATA), which offers a 13% annualized dividend yield distributed daily. This dividend yield helps maintain the stock's market price near its $100 par value, enabling equity-funded accumulation without resorting to debt. Unlike traditional corporate accumulation strategies that rely heavily on convertible debt and senior notes, Strive’s entirely equity-based framework eliminates the threat of creditor-enforced liquidations during market downturns. The company previously authorized the $500 million SATA program in December 2025 and has accelerated purchases, recently securing 1,110 BTC between August 17 and August 21 at an average price of roughly $73,409 per token, expanding its total balance sheet holdings to 21,356 BTC.