Strive Plans $150M Preferred Stock Offering to Expand Bitcoin Holdings and Reduce Debt

2026-01-22 17:07:05

Source: CryptoNewsNet Original Title: Vivek Ramaswamy’s Strive plans to raise $150M in preferred stock sale to buy Bitcoin and repay debt Original Link: Strive announced plans to raise $150 million through a follow-on offering of its Variable Rate Series A Perpetual Preferred Stock (SATA Stock).

The Dallas-based company expects to use the net proceeds, together with existing cash, to reduce outstanding debt, acquire Bitcoin and Bitcoin-related products, and support corporate growth.

The offering reflects Strive’s strategy to optimize its balance sheet while advancing its Bitcoin-focused investment approach.

The announcement follows shareholder approval for Strive’s acquisition of Semler Scientific. The deal, which is expected to close in the near term, will add more than 5,000 Bitcoin to Strive’s balance sheet.

Strive currently holds nearly 7,750 BTC, valued at approximately $697 million at current market prices.

Upon completion of the acquisition, the company’s Bitcoin treasury will rise to 12,798 BTC, positioning Strive as a significant corporate holder of Bitcoin.

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