As well as buying more $BTC, Strive claims the funds will be used to acquire $BTC-related products, working capital, assets, and other businesses to help grow the company. The funds will also be used to purchase Strive’s Class A common stock.
The stock’s 15% fixed-rate cumulative dividend will remain at 15% of $100 per share.
Strive’s offering will settle on October 20, 2026. The $BTC treasury firm then expects to increase its dividend reserve equal to the first 18 months of SATS dividend payments.
Strive suffered $6M drawdown buying Strategy shares
In March, Strive chose to swap a third of its cash holdings, worth $50 million, to purchase shares in Michael Saylor’s $BTC firm Strategy.
The paper losses stemming from the STRC purchase by July stood at $6.3 million.
Despite this, the price of Strive shares has since risen 125% from July.
The firm’s CEO, Matt Cole, also announced last Wednesday that it spent $235 million to purchase 2,822 $BTC. It exercised 273 million traditional warrants to purchase 13.6 million Class A common stock shares, netting it $369.2 million.
Strive, via its asset management subsidiary, manages over $2.8 billion in assets and now holds 35,595 $BTC, worth $2.9 billion at today’s prices.
