Share this article
Strive Proposes High-Yield Preferred Stock to Expand Bitcoin Holdings
The preferred shares, dubbed SATA, are set to carry an initial 12% annual dividend, payable monthly in cash.
Nov 3, 2025, 3:43 p.m.
What to know:
- Strive plans to 1.25 million shares of preferred stock dubbed SATA to raise funds for BTC purchases.
- The preferred shares are set to pay a 12% dividend initially, the firm said.
- The offering appears to be attempt to mirror the capital-raising efforts of bitcoin treasury pioneer Michael Saylor and his Strategy (MSTR).
Strive (ASST), a Nasdaq-listed asset manager with a bitcoin treasury strategy, announced plans Monday an initial public offering of a new class of preferred shares designed to pay dividends.
The Series A Variable Rate Perpetual Preferred Stock, dubbed SATA, aims to pay an initial 12% annual dividend, paid monthly in cash. The company set to offer 1.25 million SATA to investors, raising funds to acquire more BTC and expand its operations, while proceeds may also go toward income-generating assets, working capital or repurchasing common stock. Strive currently holds just under 6,000 BTC, valued at roughly $637 million at current prices, an amount that will rise to roughly 11,000 coins should it complete its all-stock merger with Semler Scientific (SMLR).
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
A nearly unrelenting sell-off in its common stock since completing a SPAC deal several weeks ago, has left Strive trading at a discount to the value of the bitcoin on its balance sheet (an mNAV of below 1). Thus, issuing common stock for continued bitcoin purchases would be highly dilutive to existing shareholders.
The move to instead issue preferred stock follows the footsteps of pioneering bitcoin treasury firm Strategy, which began issuing various classes of preferred shares to broaden its options to raise capital for BTC purchases.
Again in a nod to Saylor and team. Strive said it plans to maintain SATA’s trading range between $95 and $105 per share by adjusting dividend rates within set limits. If dividends go unpaid, the rate compounds monthly, eventually reaching up to 20% annually, per the press release.
Barclays and Cantor Fitzgerald will act as joint book-runners for the offering, with Clear Street as co-manager. A $12 per share dividend reserve will be set aside to cover the first year of distributions.
ASST shares are lower by 2.3% on Monday alongside a 4% slide in the price of bitcoin to $106,000. SMLR is down 2.5%.
The offering comes as digital asset treasury stocks crumbled over the past months, many now trading below the value of the underlying holdings, limiting their ability to raise fresh funds to continue their crypto purchases.
AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Bhutan Debuts TER Gold-Backed Token on Solana
The Himalayan kingdom introduced TER, a Solana-based token backed by physical gold and issued through Gelephu Mindfulness City.
What to know:
- Bhutan introduced TER, a sovereign-supported gold-backed token issued via Gelephu Mindfulness City and custodied by DK Bank, offering a blockchain-based representation of physical gold.
- The token runs on Solana, giving international investors digital portability and on-chain transparency while mimicking the experience of traditional gold purchases.
- TER follows Kyrgyzstan’s USDKG launch, highlighting a growing trend of smaller nations issuing asset-backed digital currencies tied to audited reserves as part of broader economic and technological strategies.
Top Stories
