Strive Aims to Raise $4.2 Billion to Significantly Increase Bitcoin Holdings

Strive, Inc. (ASST), a prominent publicly traded company focused on Bitcoin treasury and asset management, has unveiled plans to substantially increase its at-the-market (ATM) capital programs by a combined $4.2 billion. This strategic move, confirmed by CEO Matt Cole, is set to be one of the most significant Bitcoin accumulation efforts by a public entity this year.

The proposed expansion includes adding $2.1 billion each to its Class A common stock (ASST) and Variable Rate Series A Perpetual Preferred Stock (SATA) programs. If approved, this would elevate Strive's Class A common stock ATM capacity to $2.55 billion and its SATA preferred stock capacity to $2.6 billion, a considerable jump from the $500 million SATA ATM program launched in December 2025.

Recent Accumulation Success

This announcement follows a period of remarkable growth for the company. In the week ending May 24, 2026, Strive successfully raised capital to acquire approximately 2,624 Bitcoin, more than doubling its previous weekly purchase record. During this time, over $194 million was deployed from SATA proceeds alone. Notably, one day saw the SATA instrument absorb an estimated 453 BTC, representing about 101% of the entire Bitcoin mining supply for that session, an event market observers termed a "full-supply absorption event."

As of late May 2026, Strive holds approximately 16,500 BTC on its balance sheet, valued at roughly $1.27 billion, positioning it as the seventh-largest publicly listed company by Bitcoin holdings globally. The company has added over 3,700 BTC to its treasury since January 2026, partly fueled by its acquisition of Semler Scientific.

Strive's ATM model, which involves issuing shares directly into the open market and converting proceeds into Bitcoin, echoes MicroStrategy's strategy. However, Strive distinguishes itself by funding accumulation exclusively through perpetual preferred equity rather than convertible debt. The proposed capital expansion remains contingent on completing amended prospectus filings and securing necessary corporate approvals. The company's shares have seen a surge of over 133% in the last three months, reflecting growing investor interest in its Bitcoin treasury model.