Strive is preparing to expand its capital raising capacity by $4.2 billion, while the Bitcoin Treasury company is looking to fund additional BTC purchases, expanding one of the fastest accumulation campaigns among public companies.
CEO Matt Cole said the company expects to increase the size of both its ASST and SATA at-the-market programs by $2.1 billion each. The proposed expansion would give Strive significantly more flexibility to issue securities on the market and direct the proceeds to its Bitcoin strategy, although the ATM capacity does not mean the full amount has been raised yet.
“Strive expects to increase the size of both the ASST and SATA ATM programs by $2.1 billion each, due to continued increases in liquidity and demand for both securities. We will provide a balance sheet update before the market tomorrow,” Cole said. wrote on X.
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The announcement comes shortly after Strive raised approximately $194 million through its SATA preferred stock offering last week, equivalent to approximately 2,621 BTC at current market prices. The company currently owns approximately 16,500 BTC, worth approximately $1.27 billion, making it one of the largest public Bitcoin treasury companies.
Based on the BitcoinTreasuries.net leaderboard, Strive ranks seventh among publicly traded corporate Bitcoin holders with 16,500 BTC. The leading companies are Strategy, by far the largest holder with over 843,000 BTC, followed by Twenty One Capital, Metaplanet, MARA Holdings, Bitcoin Standard Treasury Company and Bullish.
SATA becomes the Bitcoin financing engine
SATA has become central to that model. Strive launched the Series A perpetual floating rate preferred stock in November 2025, increasing the IPO from an initial target of 1.25 million shares to 2 million shares. At the time, the company said it acquired 1,567 BTC at an average price of $103,315 and held 7,525 BTC as of November 10, 2025.
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“The successful IPO of SATA Stock makes Strive the first Bitcoin Treasury company to fund its Bitcoin amplification solely through perpetual preferred equity, and the second overall, after Strategy, to issue a publicly traded perpetual preferred equity company,” Cole said at the time. “Although Strive only went public in September, we quickly showed the market both the speed and precision with which our team operates to create long-term value for our shareholders, with Bitcoin as our hurdle.”
The product has since become a bigger part of Strive’s capital stack. The company’s website states that SATA’s monthly dividend schedule of 13% APR will transition to payments every business day starting June 16, 2026, increasing the dividend frequency from 12 payments per year to approximately 250 payments per year. Strive has also said it is targeting a trading range of $99 to $101 for SATA and is holding cash and marketable securities in reserve for dividend payments.
Strive CIO Ben Werkman wrote via
At the time of writing, BTC was trading at $69,894.
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