Strive has officially announced plans to raise $150 million through a follow-on offering of its Series A perpetual preferred stock with a variable interest rate. The company stated that the proceeds will be used to reduce debt, purchase Bitcoin, invest in related products, and support company growth. This fundraising initiative comes on the heels of last week’s shareholder approval of Strive’s acquisition of Semler Scientific. The acquisition, expected to close soon, will add more than 5,000 Bitcoin to Strive’s balance sheet.
Strategic Financing
Strive has unveiled a major capital initiative. The Nasdaq-listed company plans to raise up to $150 million through a follow-on offering of Series A perpetual preferred stock. This financing is not a standalone move but part of the company’s broader strategy. According to Strive, the funds will be primarily allocated for three purposes: repaying convertible notes issued by its subsidiary Semler Scientific, purchasing Bitcoin and Bitcoin-related products, and meeting working capital and general corporate needs.
Barclays and Cantor will serve as joint bookrunners for the offering, with Clear Street acting as joint manager.
Bitcoin Strategy
One of the core objectives of this fundraising is to further expand Strive’s Bitcoin holdings. According to company disclosures, as of January 16, Strive held approximately 12,797.6 Bitcoin.
Upon completion of the Semler Scientific acquisition, Strive’s Bitcoin reserves will increase by more than 5,000 coins, bringing the total to around 12,798. This scale of holdings will make Strive the 11th largest public company by Bitcoin holdings, surpassing well-known names like Tesla and Trump Media & Technology Group. The acquisition received shareholder approval last week and is expected to close soon.
Financial Details
The SATA stock being issued features an attractive dividend structure. The initial monthly fixed dividend rate is set at 12.25% per annum, based on a par value of $100 per share. Dividends will be paid monthly, subject to declaration by Strive’s board of directors. The company has established a dividend reserve account, depositing $12.25 per preferred share to cover the first 12 months of dividend payments.
Strive retains the right to adjust the dividend rate under certain conditions, but within specified limits. The company has made it clear that its intention is to keep the share price between $95 and $105 through dividend adjustments. The preferred stock also includes redemption provisions, allowing Strive to redeem shares at $110 per share plus accrued dividends. In the event of certain fundamental changes, holders can require a buyback at $100 per share plus dividends.
Market Reaction
Strive’s move comes amid a period of strong stock performance. The company’s shares are currently trading at $99.50, close to their 52-week high of $101.35. Over the past six months, Strive has delivered a return of 16.16%. Its current ratio stands at 11.97, indicating that its liquid assets far exceed short-term liabilities, providing significant financial flexibility for these initiatives.
Strive also disclosed ongoing negotiations with certain holders of Semler’s convertible notes to exchange their notes for SATA stock. Such exchanges, if completed, could reduce the size of the follow-on offering.
Bitcoin Market
According to Gate’s platform data as of January 22, 2026, the price of Bitcoin (BTC) stands at $90,141.9, with a market cap of $1.79 trillion and a 24-hour trading volume of $1.34 billion. The Bitcoin price has risen 1.15% in the past 24 hours but is down 6.59% over the last 7 days. The average price for 2026 is $89,963.3, with projections suggesting it could fluctuate between a low of $68,372.1 and a high of $134,045.31.
Looking ahead to 2031, some forecasts predict Bitcoin’s price could reach $239,667.61, representing a potential return of +151.00% from current levels.
Industry analysts remain divided on Bitcoin’s future price trajectory. Bernstein analysts project Bitcoin could hit $150,000 in 2026 and peak at $200,000 in 2027. Forbes, summarizing multiple institutional forecasts, notes that Bitcoin’s 2026 price predictions generally fall in the $120,000 to $170,000 range.
Industry Trends
Strive’s large-scale Bitcoin investment is not an isolated event; it reflects a broader industry trend. An increasing number of public companies are allocating Bitcoin as part of their corporate treasury strategy. The logic behind this shift is that Bitcoin demand has evolved from "cyclical speculation" to "strategic asset allocation." With the approval of spot ETFs and rising adoption by sovereign entities, institutional capital continues to flow in, reshaping Bitcoin’s market structure.
Some analysts believe that Bitcoin’s traditional "four-year halving cycle" logic may be breaking down. Driven by sovereign and institutional capital, Bitcoin could aim for a $250,000 high in this cycle.
For investors, Gate offers comprehensive Bitcoin trading services and real-time market data. Unlike companies like Strive that use complex financial instruments to gain Bitcoin exposure, individual investors can access this asset class more directly through compliant trading platforms like Gate.
As of January 2026, Strive’s increased Bitcoin holdings will place it among the top ten public companies by Bitcoin reserves. After the acquisition, the company’s Bitcoin stash will reach approximately 12,798 coins, worth over $1.15 billion at current prices. The company’s stock price has remained at a high of $99.50 following the announcement, near its 52-week peak. The initial annual dividend rate for the preferred stock is set at 12.25%, with a reserve account established to ensure dividend payments for the first 12 months. According to Gate’s data, Bitcoin is currently priced at $90,141.9, with a market dominance of 56.36%. This enterprise-level Bitcoin allocation aligns with the global trend of institutional capital flowing into cryptocurrencies, redefining the role and value of digital assets within the traditional financial framework.
