Recent Updates — ASST
During the week of October 17-23, 2026, Strive purchased 6,182 Bitcoin at an average cost of approximately $82,732 per coin. This acquisition increased the company's total Bitcoin holdings from 36,818 to 43,000 coins. Cash and cash equivalents rose by $186.9 million to $504.4 million. The filing also notes a net increase of approximately 3.27 million effective common shares outstanding due to equity issuances. Strive operates in the technology sector with a significant treasury strategy focused on Bitcoin.
Strive entered into a Controlled Equity Offering Sales Agreement with Cantor Fitzgerald, Barclays, and other agents to offer and sell shares of its 15.00% Series A Perpetual SATS Preferred Stock in an at-the-market offering with an aggregate sales price of up to $1.0 billion. The company may suspend or terminate the program at any time and will pay agents a commission of up to 2.0% of gross proceeds. Net proceeds are intended for general corporate purposes, including bitcoin acquisitions, working capital, and share repurchases. Strive is a structured finance company focused on disciplined capital allocation and long-term value creation.
The board of directors declared an initial cash dividend of $0.8710 per share for the 15.00% Series A Perpetual SATS Preferred Stock, covering periods through November 9, 2026. Subsequent daily dividends of $0.0658 per share will be paid for each business day from November 10 to November 30, 2026. The initial payment is scheduled for November 9, 2026, with a record date of November 6, 2026. Strive operates in the financial services sector.
Strive, Inc. closed its upsized initial public offering of 7,000,000 shares of its 15.00% Series A Perpetual SATS Preferred Stock at a public price of $90 per share, raising approximately $630 million in gross proceeds. The company filed a Certificate of Designation with the Nevada Secretary of State to establish the terms of the stock, which carries a stated amount and liquidation preference of $100 per share. Regular cumulative dividends accrue at an annual rate of 15.00% on the stated amount and are payable daily when declared by the board, beginning November 9, 2026. At closing, Strive increased its dividend reserve by depositing $22.50 per share into a dedicated account to fund the first 18 months of payments. The SATS Stock trades on Nasdaq under the ticker symbol SATS and ranks senior to common stock but junior to existing Variable Rate Perpetual Preferred Stock (SATA). Strive is a structured finance company that manages assets and employs Bitcoin as its primary capital deployment strategy.
Strive priced an underwritten public offering of 7,000,000 shares of its 15.00% Series A Perpetual SATS Preferred Stock at $90.00 per share for expected proceeds of approximately $630 million before expenses. The offering settles on October 20, 2026. Additionally, the company purchased 4,045 bitcoin between October 12 and 16, 2026, at an average price of approximately $82,803 per coin, bringing its total holdings to 36,818 bitcoin. The filing also notes that all Traditional Warrants had been exercised or expired during the period. Strive operates in the digital asset and technology sector.
Strive priced its initial public offering of 7,000,000 shares of 15.00% Series A Perpetual SATS Preferred Stock at $90 per share, an upsize of 2,000,000 shares over the previously announced amount. The company estimates gross proceeds of approximately $630 million before underwriting discounts and offering expenses. Settlement is scheduled for October 20, 2026, subject to customary closing conditions. Strive intends to use net proceeds for general corporate purposes, including bitcoin acquisitions, working capital, income-generating assets, and potential share repurchases. The SATS Stock carries a 15% annual dividend rate on a $100 stated amount, with regular dividends payable daily beginning November 9, 2026. Strive is a structured finance company focused on disciplined capital allocation and long-term value creation.