Strive Eyes Another Preferred Equity Raise Amid Rising Bitcoin
Strive, Inc., a company that trades on Nasdaq under the ticker ASST, is hinting at another preferred equity raise if Bitcoin continues to climb. Strive's CEO, Matt Cole, suggests that this move would benefit both holders of its common stock (ASST) and its preferred stock (SATA).
The company has a financing strategy centered around SATA, a Variable Rate Series A Perpetual Preferred Stock with a 13% variable APR dividend. As of June 16, 2026, the dividend payments were shifted from monthly to daily, aimed at improving liquidity for holders.
SATA trades within a target range of $99 to $101, keeping the preferred stock close to par value and reducing price risk for income-focused investors who want Bitcoin exposure without its full volatility. Strive holds approximately 20,000 BTC as of late July 2026, with recent purchases including 79 BTC at an average price of around $65,723.