Strive Lines Up $500 Million to Keep Its Bitcoin Treasury Growing

By Isaac • October 13, 2026 11:05 pm •

Strive is preparing to raise as much as $500 million through a new perpetual preferred stock, giving the Bitcoin treasury company another route to buy BTC without issuing ordinary shares at today’s price.

The new security, called SATS, is expected to sell for $100 per share and pay a fixed 15% annual dividend. According to Strive, the company plans to offer 5 million shares.

The proceeds may be used to acquire additional Bitcoin, purchase income-producing assets, repurchase stock, or cover other corporate needs.

That list matters because the filing does not promise that every dollar will immediately become Bitcoin. It gives Strive flexibility while investors continue measuring the strategy largely by BTC accumulated per share.

SATS