# Strive Expands Bitcoin Treasury Amid $630 Million Capital Raise Nasdaq-listed Strive secures fresh capital through preferred stock to accelerate aggressive bitcoin accumulation strategy. - **Source:** [Bitcoin News](https://brifing.si/source/d8aeaf1e-9839-4dad-9d25-7a6bf3fbeef8) - **Published:** 2026-10-19 - **Topic:** [Finance](https://brifing.si/c/finance) - **Original article:** - **On Brifing:** https://brifing.si/s/f2bda968-5951-452c-b5f1-d4739336e721 ## Strategic Bitcoin Accumulation Spree Strive has aggressively expanded its corporate treasury by acquiring 1,223 BTC between October 14 and 16. This purchase, executed at an average price of $81,734 per coin, brings the firm's total holdings to 36,818 BTC. The company spent approximately $100 million in this specific window, continuing a rapid five-day buying streak. ## Capital Raise Through SATS The company is finalizing a $630 million gross proceeds target through a new Series A perpetual preferred stock offering, known as SATS. Priced at $90 per share, the offering is scheduled to settle on October 20. This capital injection provides Strive with significant liquidity to potentially fund further bitcoin acquisition cycles. ## Financial Structure and Obligations The SATS offering carries a 15% annual dividend rate, creating a distinct financial obligation for the firm. This instrument differs from Strive's existing SATA preferred stock, which maintains priority status over SATS regarding dividend payments and asset liquidation. Both preferred classes remain senior to regular ASST shareholders in the capital structure. ## Warrant Overhang Elimination Strive has successfully cleared its outstanding warrant overhang, as all warrants issued during the September 2025 transaction have either been exercised or expired. This removal of potential dilution simplifies the company's equity profile. By focusing on preferred securities rather than conventional debt, Strive maintains a specific approach to financing its treasury. ## Competitive Treasury Positioning With its current holdings of 36,818 BTC, valued at approximately $3 billion, Strive has surpassed MARA Holdings, which reported 35,577 BTC. This shift highlights the competitive nature of corporate bitcoin accumulation among Nasdaq-listed entities. Strive continues to prioritize treasury growth through equity-based financing mechanisms rather than relying on traditional corporate borrowing. ## Operational Dividend Management CEO Matt Cole confirmed that the company intends to maintain its current 18-month dividend reserve despite the ongoing acquisition activity. By balancing the 15% dividend obligations of the new SATS shares with its bitcoin accumulation goals, Strive is attempting to manage shareholder returns alongside its long-term strategy of holding digital assets. ## Capital Allocation Outlook The market is now focused on how much of the $630 million in proceeds from the SATS offering will be directly allocated to additional bitcoin purchases. While the company has demonstrated a clear preference for BTC, the ongoing financial obligations tied to its preferred stock will influence future capital allocation decisions. ## Broader Market Context Strive’s recent activity reflects a wider trend of corporate entities utilizing preferred stock offerings to finance large-scale bitcoin acquisitions. As firms like Strive and others continue to build massive treasuries, the reliance on equity financing over debt highlights a specific risk-reward profile for investors monitoring these publicly traded bitcoin-heavy corporate balance sheets. ## Sources covering this story - https://news.bitcoin.com/crypto-news/strive-buys-1223-bitcoin-while-preparing-630-million-cash-raise/ — --- _Summary written by Brifing from the original reporting. Copyright in the original article belongs to its publisher; read the full piece at the link above._