Strive Announces Nasdaq Listing of SATA and Closing of Oversubscribed & Upsized IPO

• Strive has acquired 1,567 Bitcoin at an average price of $103,315 and holds 7,525 Bitcoin as of November 10, 2025.
• The company expects the dividends for SATA to be return of capital (ROC) dividends, enhancing its after-tax yield potential.
• A new investor presentation highlighting details for both ASST and SATA can be accessed on Strive.com.
  

DALLAS, Nov. 10, 2025 (GLOBE NEWSWIRE) -- Strive, Inc. (“Strive” or the “Company”) (Nasdaq: ASST; SATA), announced today the closing of its initial public offering of 2,000,000 shares of Strive’s Variable Rate Series A Perpetual Preferred Stock (the “SATA Stock”), at a public offering price of $80 per share. The SATA Stock is expected to begin trading on the Nasdaq Global Market on or around November 10, 2025, under the ticker symbol “SATA.”

Despite a week in which Bitcoin dipped below $100,000 for the first time since June, investor demand for SATA remained strong, prompting the company to upsize its IPO to 2 million shares from the initially targeted 1.25 million shares. This preferred equity offering was designed to create a Bitcoin amplification toggle that will allow the Company to build on its current holdings of 7,525 Bitcoin with additional Bitcoin accumulation via non-dilutive financing with the goal of accreting value to ASST common equity shareholders. The Company may also use a portion of the proceeds for general corporate purposes, including, among other things, for working capital.

“The successful IPO of the SATA Stock makes Strive the first Bitcoin treasury company to finance its Bitcoin amplification exclusively through perpetual preferred equity, and the second overall, after Strategy, to issue a publicly traded perpetual preferred equity security,” said Matt Cole, Chairman & CEO. “While Strive only went public in September, we’ve quickly shown the market both the speed and the precision our team operates with to drive long-term value to our shareholders, with Bitcoin as our hurdle rate.”

The SATA Stock accumulates cumulative dividends at a variable rate (as described in the prospectus supplement) per annum on the stated amount of $100 per share (the “stated amount”) thereof and an initial liquidation preference of $100 per share. Regular dividends on the SATA Stock will be payable when, as and if declared by Strive’s board of directors or any duly authorized committee thereof, out of funds legally available for their payment, monthly in arrears on the 15^th calendar day of each calendar month, beginning on December 15, 2025.