Strive Inc. has priced an upsized preferred stock initial public offering IPO, raising 160 million to expand its bitcoin and asset management operations. The company sold two million shares of its Variable Rate Series A Perpetual Preferred Stock SATA at 80 per share. The offering was increased from 1.25 million shares, reflecting high investor demand.
Gross proceeds are estimated at 160 million before fees. The deal is set to close on 10 November 2025. Strive plans to deploy funds into bitcoin acquisitions, income-generating assets, share repurchases, and debt repayment.
The offering marks a major step in Strives expansion as a publicly traded Bitcoin treasury company, positioning it to grow its holdings and strengthen its balance sheet. Barclays and Cantor acted as joint book-running managers, with Clear Street serving as co-manager.
