Strive Plots $4.2B Raise to Stack More Bitcoin

Bitcoin treasury firm Strive has announced a $4 billion capital‑raising plan to accelerate its BTC purchases. CEO Matt Cole stated the firm expects to increase the size of both the $ASST and $SATA ATM programs by $2.1 billion each, reflecting a sustained increase in liquidity and demand for both securities. The result: more shares for sale and $4.2 billion earmarked for BTC.

For the uninitiated, Strive's SATA functions like Strategy's Stretch [STRC] but distinguishes itself by offering a higher 13% interest rate to lure yield‑hungry investors. At press time, SATA's market cap has surged to $426 million — modest next to Strategy's STRC at over $10 billion.

All that selling is, naturally, geared toward BTC accumulation. At current prices of $70K per BTC