Strive Plans $125M IPO Of Variable Rate Preferred Stock To Fund Bitcoin And Growth

Strive, Inc. announced plans to conduct an initial public offering of 1.25 million shares of its Variable Rate Series A Perpetual Preferred Stock, with an initial annual dividend rate set at 12%, adjustable monthly within certain limits. The preferred shares will have a stated value of $100 and will pay dividends monthly beginning December 15, 2025, with unpaid dividends compounding up to a 20% annual rate. Proceeds from the offering are intended to fund bitcoin purchases, acquire income-generating assets, buy back common stock, repay debt, support working capital, and potentially finance acquisitions. Strive plans to establish a reserve covering the first year of dividend payments and may redeem the shares at $110 plus accrued dividends once listed on Nasdaq or the NYSE. Barclays and Cantor are serving as joint book-running managers for the offering. As of late October 2025, Strive holds nearly 6,000 bitcoins and manages over $2 billion in assets.