Strive Targets a $500 Million Raise That Could Fund More Bitcoin

By Kevin · 2026-10-14 · News

Oct. 14 (CandyPulse) — Strive, one of the fastest-growing bitcoin treasury companies, wants to raise another $500 million, and much of it could end up in bitcoin. The company is planning an offering of a new preferred stock called SATS, according to reports on Oct. 14.

One important point up front: this raise is proposed, not completed.

Key takeaways

Strive plans to issue 5 million shares of a new perpetual preferred stock, SATS, at $100 each, a total of $500 million
SATS would pay a fixed 15% dividend, reported to be paid daily
Strive plans a reserve equal to 18 months of SATS dividends
Proceeds could go to bitcoin, income-generating assets or share buybacks
Strive holds about 32,773 BTC, worth roughly $2.7 billion

How the offering would work

Strive would sell 5 million SATS shares at $100 each. The new shares would carry a fixed 15% dividend, which reports say is paid daily.

SATS would rank below Strive's existing preferred stock, SATA, which pays a floating dividend that is currently 13%. To reassure buyers, Strive plans to set aside a reserve equal to the total SATS dividends for the first 18 months after issuance.

Detail	SATS (proposed)	SATA (existing)
Size	5 million shares at $100 ($500M)	Existing preferred
Dividend	Fixed 15%	Floating, currently 13%
Ranking	Below SATA	Senior to SATS
Dividend reserve	First 18 months	—

What the money could buy

Strive says the proceeds could go toward bitcoin, income-generating assets or share repurchases. That flexibility matters, because it means not every dollar raised will necessarily become bitcoin.

The company already holds about 32,773 BTC, worth around $2.7 billion, after buying 3,311 bitcoin the week before.

Keep the two $500M stories separate

This is not Strive's only $500 million headline. On Oct. 5, Strive disclosed a separate program to buy back up to $500 million of its SATA preferred. That program is larger than the company's reported $284.7 million cash balance, and the filing gave no spending amount or timetable.

The new SATS offering is a different plan: a raise, not a buyback.

What's next

Final terms: watch for an official filing confirming the SATS details
Bitcoin buys: any purchases funded by the raise will show up in Strive's holdings
Demand: a 15% fixed dividend is high, and investor appetite will decide how much is raised

Until the offering is completed, these figures remain plans rather than facts on the balance sheet.

Disclaimer: This article is for information only and is not financial advice. Crypto assets are volatile and can lose value. Always do your own research before making any investment decision.