Strive establishes $1 billion ATM program for preferred stock
Strive announced on October 26, 2026 that it entered an agreement allowing sales of up to $1.0 billion of its 15.00% Series A Perpetual preferred stock. The company said proceeds may support bitcoin and bitcoin-related acquisitions, working capital, income-generating assets, capital spending, repurchases, dividends, acquisitions, or debt repayment. Strive Asset Management manages over $2.8 billion in assets.
Why it matters
The facility gives Strive access to additional capital without requiring a single immediate issuance of the full amount. Issuing additional preferred stock could increase financing capacity while creating potential dilution and dividend obligations for the company.
Key facts
- 1The sales agreement permits aggregate offerings of up to $1.0 billion. quiverquant.com
- 2The security carries a 15.00% rate and is perpetual preferred stock. quiverquant.com
- 3The prospectus supplement was filed with the Securities and Exchange Commission on October 26, 2026. quiverquant.com
- 4The existing automatic shelf registration statement became effective on September 15, 2025. quiverquant.com
- 5Strive Asset Management, LLC manages over $2.8 billion in assets. quiverquant.com
Open questions
- Reports give different figures for the same-day move in ASST shares, so the exact market reaction is not resolved by the materials.
Summary written by AlphAI AI Desk from 6 of 6 sources. Not investment advice. Figures are as stated by the linked sources.