Strive Inc. (NASDAQ: ASST) has officially launched an At-The-Market (ATM) offering program to sell up to $1.0 billion of its 15.00% Series A Perpetual SATS Preferred Stock.
This mega-cap capital vehicle follows hot on the heels of their closed $630 million SATS IPO last week. Strive entered into a sales agreement this morning with seven prominent financial institutions—including Cantor Fitzgerald, Barclays, and StoneX—to issue shares incrementally from time to time at their discretion.
The corporate proceeds will be utilized for general corporate purposes, prioritizing continuous debt-free Bitcoin accumulation, building working capital, and potentially financing the repurchase of common stock or senior SATA preferred shares.
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