Key facts
- Strive plans to increase its common stock ATM program by $2.1 billion.
- Strive plans to increase its SATA preferred stock ATM program by $2.1 billion.
- The total planned increase in fundraising capacity is $4.2 billion.
Strive plans $4.2B increase in stock ATM offerings
IN SHORT
Strive plans to increase its common stock and SATA preferred stock at-the-market (ATM) programs by $2.1 billion each, totaling a $4.2 billion increase in fundraising capacity. The company intends to use the raised capital to acquire Bitcoin for its treasury. Strive's stock (ASST) fell 2.77% following the announcement.
Key Numbers
$4.2 billiontotal planned fundraising capacity increase
$2.1 billionincrease in common stock ATM program
$2.1 billionincrease in SATA preferred stock ATM program
16,500 BTCBitcoin holdings in late May 2026
$1.27 billionestimated value of Bitcoin holdings in late May 2026
Who's Involved
Strive, Inc.
Company planning ATM expansion for Bitcoin acquisition
Matt Cole
CEO of Strive, confirmed expected increase on X
↳ Why This Matters
This expansion allows Strive to significantly increase its Bitcoin holdings, potentially impacting the cryptocurrency market and positioning Strive as a major corporate holder of digital assets.