Strive, Inc. is a privately owned investment manager. It primarily provides its services to investment companies. The firm is a large advisory firm, an investment adviser to an investment company which provides portfolio management for investment companies. The firm invests in exchange traded funds. The firm conducts in-house research to make its investments. Strive, Inc. was founded in 2022 and is based in Dallas, Texas.
Recent capital-raising via a $1.0B SATS preferred ATM and aggressive Bitcoin accumulation create dilution overhang on common equity, partially offset by a StoneX price target hike; net near-term bias cautious.
Strive entered a sales agreement to sell up to $1.0B of its 15.00% Series A Perpetual SATS Preferred Stock via an at-the-market program. The structure creates an ongoing dilution/senior-dividend overhang for common shareholders and pressured ASST shares on announcement.
Strive Press ReleaseStrive disclosed purchases of 6,182 bitcoin (~$511M) between Oct 17-23, lifting total holdings to ~43,000 BTC, financed largely through preferred equity. Reinforces the leveraged Bitcoin-treasury strategy; accretive to BTC-per-share narrative but adds financing risk.
SEC Filing (8-K)StoneX lifted its ASST price target to $43 from $32 while keeping a Buy rating, viewing the capital-raising strategy as accretive to long-term Bitcoin-per-share value. Helped limit the depth of the post-announcement pullback.
Investing.comStrive closed an upsized IPO of 7,000,000 SATS preferred shares at $90/share, with SATS beginning trading on Nasdaq around Oct 20. First regular dividend date set for Nov 9, 2026, a near-term cash obligation to monitor.
Strive Press Release