Strive Raises $630 Million, but Its Next Bitcoin Buy Is Still an Open Question

By Isaac • October 20, 2026 3:27 pm •

Strive has raised a large new pool of capital with Bitcoin explicitly on the menu. The part investors should not skip is that Bitcoin is not the only item listed.

In an SEC-filed company release, Strive said it priced 7 million shares of its 15% Series A Perpetual SATS Preferred Stock at $90 per share. That puts estimated gross proceeds at roughly $630 million before underwriting discounts, commissions, and other offering expenses.

The deal was upsized by 2 million shares from the amount Strive had previously announced. Settlement was scheduled for October 20, subject to customary closing conditions.

The preferred shares have a $100 stated amount even though the public offering price was $90. Barclays and