Strive plans to issue $500 million in preferred shares, main goal: to buy Bitcoin

[Chain News] Bitcoin asset reserve company Strive recently made a big move—they signed a sales agreement to issue SATA preferred shares, setting the fundraising cap at $500 million. This kind of ATM plan (at-the-market offering) basically means issuing shares as needed and flexible fundraising.

How will the money be spent? The official statement lists several directions: the primary goal is to buy Bitcoin and related products, followed by supplementing operating funds and acquiring income-generating assets to expand the business. The rest might be used to repurchase their own Class A common stock, pay down debt, or even acquire companies or technologies that could create synergies with their existing business.

This kind of operation is becoming increasingly common in the crypto space—public companies use traditional financial instruments (like preferred shares) to raise funds and then invest that money into Bitcoin. This allows them to benefit from BTC price appreciation while leveraging the stock market for greater effect. But the risks are clear: if Bitcoin’s performance disappoints, shareholders may end up paying the price for management’s aggressive strategy.