Strive’s oversubscribed IPO of perpetual preferred shares enabled a major Bitcoin purchase during market volatility, reinforcing its combined equity and crypto investment strategy.
In an official announcement, Strive reported the listing of its variable-rate Class A perpetual preferred stock (SATA) at $80 per share, issuing 2 million shares in an oversubscribed IPO to raise $160 million. During a brief dip in Bitcoin’s price below $100,000, the company acquired 1,567 BTC at an average price of $103,315, increasing its total holdings to 7,525 BTC.