Ramaswamy-Backed Strive Eyes Bitcoin After New Stock Offering

Strive plans $150 million stock offering to repay debt and acquire Bitcoin, targeting a corporate treasury expansion strategy.

Strive, co-founded by former presidential candidate Vivek Ramaswamy in 2022, announced plans for a $150 million stock offering. The proceeds are to be used for debt repayment and Bitcoin purchases. Consequently, the company is trying to solidify its position as a Bitcoin-focused corporate treasury entity. Further, Strive oversees more than $2.3 billion in assets across several funds.

Strive Launches Follow-On Offering of Preferred Stock to Fund Bitcoin

Strive will be selling shares of its Variable Rate Series A Perpetual Preferred Stock, trading under the ticker SATA. Furthermore, the company registered the $150 million offering under the Securities Act of 1933, as amended. Proceeds, coupled with cash on hand, may be used to repay Semler Convertible Notes and other borrowings. This is consistent with Strive’s Bitcoin treasury strategy.

The offering is also used to support Bitcoin purchases and general corporate purposes. In addition, Strive is planning potential exchanges of Semler Convertible Notes for SATA Stock to certain holders. Any exchanges will not give Strive cash proceeds.

Consequently, the size of the follow-on offering could adjust depending on completed exchanges. These steps reinforce its perpetual-preferred stock amplification model.

Related Reading: CoinGate Data Shows Broadening Use Beyond Bitcoin in Crypto Payments | Live Bitcoin News

Strive has a mining power of roughly 12,798 BTC as of January 16, 2026. Additionally, the recent Semler Scientific merger will add to the total Bitcoin holdings. As a result, the company finds itself among the largest corporate Bitcoin holders in the world. Moreover, the company employs traditional financial instruments to acquire cryptocurrency efficiently while managing operational and debt obligations.

$150 Million Offering Strengthens Strive’s Bitcoin Treasury Strategy

The company uses a combination of public stock offerings and debt management to finance accumulating Bitcoins. Furthermore, the SATA stock structure enables strategic pricing for institutional and retail participation.

Using both IPO proceeds and the new offering, Strive strengthens its balance sheet. Additionally, its approach is similar to strategies pioneered by MicroStrategy in using corporate treasury funds to buy Bitcoin.

Strive’s leadership focuses on Bitcoin being a key reserve asset. Furthermore, the strategy provides a long-term benchmark for capital allocation, including a “hurdle rate” for future investments.

Consequently, the firm anticipates ongoing interest from retail investors and volatility in its stock (ASST and SATA) that is publicly traded. Further, these moves convey a committed method of Bitcoin accumulation.

The follow-on offering solidifies Strive’s aim of becoming a leading Bitcoin treasury company. Moreover, structured debt repayment, corporate funding, and token acquisitions guarantee financial stability.

However, this model may attract further institutional participation, granting confidence in corporate strategies of investing in Bitcoin. Furthermore, the actions of Strive represent an increasing corporate acceptance of digital assets as reserve assets.

Overall, Strive’s new $150 million SATA stock offering represents a strong commitment to Bitcoin accumulation. Combined with the Semler merger, debt management, and treasury expansion, the company appears to be setting itself up as a pioneering corporate Bitcoin holder. As a result, investors and market observers are monitoring Strive as it bolsters its digital asset strategy and treasury operations worldwide.