Strive Plans SATA IPO to Fund Bitcoin Purchases

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So, Strive Inc. (Nasdaq: ASST) is apparently going to make some noise in the stock market with their new IPO for $SATA. What are they doing? Oh, just selling “Variable Rate Series A Perpetual Preferred Stock” – and yeah, it sounds as thrilling as it is complicated. And what’s the big plan for all this IPO cash? Well, they’re going to spend it on, you guessed it, more Bitcoin. Because who doesn’t love Bitcoin, right? That’s the trend now, folks. Forget the old-fashioned ways of running a business, just buy some Bitcoin and call it a day. 🤑

And, of course, there’s an “annual dividend” of 12%. It’s a juicy 12%, paid monthly – because who wouldn’t want more money every month, right? But, hold on, it might get adjusted. Oh, that’s comforting, isn’t it? A little flexibility based on the market conditions. No big deal, just a standard market rollercoaster ride. 🎢

Strive says they’ll stash away a “dividend reserve” for the first year’s payouts. It’s almost like they’re trying to convince you they know what they’re doing, while also keeping a bit of a buffer. How thoughtful! Barclays and Cantor Fitzgerald are taking charge of this whole circus, and Clear Street is in there too, just to keep things ‘official.’

A hybrid between yield and Bitcoin exposure

Basically, this whole $SATA stock deal is Strive’s way of mixing traditional finance with their Bitcoin obsession. It’s like taking a normal investment strategy and sprinkling a little Bitcoin dust on it for that extra flair. Because who needs a solid plan when you can have volatility and unpredictability, am I right? 💸

Strive is offering $SATA, a new Perpetual Preferred Stock via IPO, to select investors. $ASST

– Strive (@strive) November 3, 2025

Strive wants to use this IPO money to buy even more Bitcoin. Seriously, they’re looking at adding to the 5,957 BTC they already have. Just throw it all into the crypto furnace and see what comes out the other side. Their Bitcoin treasury is already in the top 20, so they’ve got that going for them, which is nice. A real beacon of fiscal responsibility. 🔥

And, of course, this is part of the “new model” of using preferred shares to raise capital, because why not? Traditional methods of capital-raising are so 2023. Let’s throw Bitcoin into the mix and hope it all works out.

Bitcoin expansion through acquisitions

Oh, and let’s not forget, just a few weeks ago Strive pulled off a huge all-stock merger with Semler Scientific. Why? Because why not combine Bitcoin with medical technology? The merger’s worth $90 per share, and now, together, the companies control nearly 10,900 BTC. That’s a lot of Bitcoin. But hey, what’s the harm in having more? Sure, the company’s stock is tanking (down 52% from last month), but you know, details, details.

Strive’s whole thing is to fund their growth with “preferred equity only,” which basically means they’re going to use stocks that pay dividends instead of borrowing money. It’s genius. If you don’t think about it too hard. 🧐

A growing movement of Bitcoin treasuries

Strive is part of this growing movement of companies who are just throwing Bitcoin on their balance sheets. Forget about solid business models; let’s just see how much Bitcoin we can buy. The entire U.S. stock market might eventually turn into a giant crypto experiment. No pressure, right? Just a little market volatility on the side. But hey, it’s 2025 – everyone’s doing it. What could possibly go wrong? 🤷‍♂️

In the end, whether investors buy into it or not, the launch of $SATA marks Strive’s dramatic shift from being an ETF issuer to being a full-on Bitcoin-holding firm. It’s like watching someone jump into the deep end of a pool without looking. Let’s see how it goes! 🏊‍♂️

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2025-11-03 23:58