Strive strengthens bitcoin position with $150 million in sata: new funding strategy

Strive (ASST), a company specializing in bitcoin asset management and treasury, is charting an ambitious path to consolidate its cryptocurrency accumulation and debt restructuring strategy. The new placement of preferred securities represents a crucial moment for the company, which has among the largest bitcoin reserves among its publicly traded competitors. This move reflects a broader trend in the industry: bitcoin-native companies are innovating their funding mechanisms to stay competitive in a changing market.

SATA financing: how the new share offering works

Strive has announced plans to launch a $150 million follow-on placement of its Series A Floating Rate Perpetual Preferred Shares, commonly referred to by the acronym sata. It is an innovative financial instrument that allows the company to raise capital while maintaining a flexible capital structure. The sata stock stands out in the securities landscape for its remuneration characteristics: in fact, it provides for cumulative monthly dividend payments.

The company is also considering trading privately with certain convertible note holders, offering them the option of partially or fully converting their securities into sata shares. Should these exchanges materialise, they would be exempt from registration and would not generate direct cash proceeds, potentially reducing the size of the overall public offering.

Repaying debt and accumulating bitcoins: the objectives of the placement

The $150 million raised through the sata placement will be used for more strategic purposes. First, the capital will support the debt restructuring resulting from the acquisition of Semler Scientific, which was completed in early January through an all-equity transaction. A significant portion of the proceeds will go to repay or repurchase convertible notes issued by the subsidiary, while a further segment will finance the repayment of loans that Semler has taken out with Coinbase Credit.

However, the most important element of the strategy concerns the acquisition of additional bitcoins. Strive intends to allocate a substantial portion of its capital to the accumulation of digital assets, further strengthening its already sizable position in the sector. This reflects the company’s leadership belief in the long-term perspective of bitcoin as a strategic store of value.

Sata’s monthly dividends and long-term strategy

SATA shares have a particularly articulated remuneration structure. Each stock is valued at $100 for the purposes of calculating dividend payments. The annual payment rate was initially set at 12.25%, guaranteeing a cumulative monthly remuneration to investors. This rate is not fixed: the company has the right to reduce it within strict limits, with the strategic goal of keeping the share price in a range between $95 and $105 over the long term.

An important aspect of the structure concerns unpaid dividends, which accumulate monthly and can generate incremental rates of return of up to 20% per year should they remain unpaid. This feature introduces an element of protection for investors, ensuring that payments are not lost over time but capitalized. Strive’s management is handling these parameters cautiously to maintain stability and predictability of the value of the investment.

The Market Environment: Why Strive Acts Now

The timing of this financial operation is not accidental. The cryptocurrency market is going through a phase characterized by macroeconomic uncertainty and cautious investor sentiment. Over the course of 2025, spot crypto trading volumes have halved from $1.7 trillion to around $900 billion, reflecting a broad-based cooling of market enthusiasm. Bitcoin itself has recently been holding below the $84,000 level, with swings mirroring the volatility of the sector.

Despite this challenging environment, several segments of the market are showing resilience. Bitcoin miners who have reoriented their business plans towards AI infrastructure and high-performance computing continue to outperform their peers. This scenario suggests that well-positioned operators with diversified strategies are able to generate value even in phases of market consolidation.

Strive’s decision to proceed with this placement is a testament to the company’s confidence in its ability to navigate the current market environment, leveraging the capital raised to strengthen the foundations of its operations. The combination of debt restructuring and bitcoin accumulation represents a balanced strategy aimed at both improving financial strength and positioning favorably for future opportunities in the cryptocurrency sector.