Strive expands the SATA perpetual preferred stock IPO scale, raising $160 million to invest in Bitcoin.

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According to Mars Finance, Strive Company (NASDAQ: ASST) announced on November 5, 2025, that it will expand the initial public offering size of its variable rate Series A perpetual preferred stock (SATA stock) from the originally planned issuance of 750,000 shares to 2 million shares, with an issuance price of $80 per share, expecting to raise approximately $160 million in funds. The stock will complete delivery on November 10, with an initial annual dividend rate of 12%. The company will primarily use the proceeds for investment in Bitcoin and related products, business expansion, and other corporate purposes. As the first publicly traded Bitcoin asset management company, Strive currently holds approximately 5,958 Bitcoins, and its asset management subsidiary manages assets exceeding $2 billion.

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