TechFlow news, November 6 — Strive Company (Nasdaq: ASST) announced on November 5, 2025, an expansion of its initial public offering of 750,000 additional shares for its Variable Rate Series A Perpetual Preferred Stock (SATA Stock), increasing the offering from the originally planned amount to 2 million shares at $80 per share, expected to raise approximately $160 million. The offering is expected to settle on November 10, with an initial annual dividend rate of 12%. The company intends to use the proceeds primarily for investments in bitcoin and related products, business expansion, and other corporate purposes. As the first publicly traded bitcoin asset management company, Strive currently holds approximately 5,958 bitcoins, and its asset management subsidiary oversees more than $2 billion in assets.
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