Strive, Inc. has successfully closed its follow-on offering of 1,320,000 shares of SATA Stock, raising $225 million due to high demand. The company has retired $110 million of debt from the Semler Scientific acquisition, with intentions to retire the remaining $10 million by April 2026. Strive has also acquired 333.89 Bitcoin, bringing their total to 13,131.82 Bitcoin, making them the tenth largest public corporate holder of Bitcoin globally. The company has an amplification ratio of 37.2% with 97.7% coming from preferred equity, and a quarter-to-date Bitcoin yield of 21.17%.

Strive’s Chairman & CEO, Matt Cole, expressed confidence in the company’s strategy, emphasizing the alignment of financing with the long-term nature of Bitcoin. The completion of the oversubscribed SATA follow-on offering reflects growing investor demand for digital credit and Strive’s effective execution of its corporate strategy. The company has transitioned to a preferred equity-only amplification structure within just four months, becoming a top-10 publicly traded holder of Bitcoin.

Read more at GlobeNewswire: Strive Announces Closing of Upsized & Oversubscribed