Strive, Inc. (ASST), a publicly traded company specializing in Bitcoin treasury and asset management, announced on Monday its plans to significantly expand its at-the-market (ATM) capital programs by a total of $4.2 billion. This includes an addition of $2.1 billion to both its Class A common stock (ASST) and Variable Rate Series A Perpetual Preferred Stock (SATA) programs. This move may represent one of the most ambitious Bitcoin accumulation strategies undertaken by a public company in 2026.
CEO Matt Cole confirmed these intentions in a statement shared on X, indicating that, “Strive expects to increase the size of both the $ASST and $SATA ATM programs by $2.1 billion each, reflecting a sustained increase in liquidity and demand for both securities.” Furthermore, Cole noted that a balance sheet update would be disclosed prior to market opening on Tuesday.
If the expansion is realized, Strive’s Class A common stock ATM capacity would increase to $2.55 billion, while its SATA preferred stock capacity would rise to $2.6 billion. This marks a significant growth from the initial $500 million SAT ATM program launched by Strive in December 2025.
This announcement follows a record-breaking week for Strive, during which the company raised sufficient capital to acquire approximately 2,624 Bitcoin—more than doubling its previous weekly purchase record of 371 BTC—and deploying over $194 million in SATA proceeds alone.
During this historic week, on one particular day, the company’s SATA instrument absorbed an estimated 453 BTC in a single session, amounting to approximately 101% of the entire Bitcoin mining supply for that day. Market analysts referred to this occurrence as the first “full-supply absorption event” in recent months.
Strive Positioned as a Bitcoin Treasury
As of late May 2026, Strive holds approximately 16,500 BTC on its balance sheet, with an estimated valuation of $1.27 billion. This positions the firm as the seventh-largest publicly listed company by Bitcoin holdings globally.
Since January 2026, the company has added over 3,700 BTC to its treasury, greatly benefiting from its acquisition of Semler Scientific, which initiated its Bitcoin accumulation strategy.
Strive’s ATM model operates by issuing shares directly into the open market and converting the proceeds to Bitcoin in near real-time. This model, resembling that pioneered by Strategy, is distinguished by Strive’s exclusive reliance on perpetual preferred equity for funding accumulation, rather than through convertible debt.
The proposed expansion is contingent upon the successful completion of amended prospectus filings and necessary corporate approvals.
Remarkably, the company’s shares have increased over 133% in the past three months, as the Bitcoin treasury model continues to draw interest from both institutional and retail investors.
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