Strive proposes initial public offering of preferred stock shares

Strive Inc. (NASDAQ: ASST) announced plans for an initial public offering of 1,250,000 shares of Variable Rate Series A Perpetual Preferred Stock, subject to market conditions.

The company intends to use proceeds for general corporate purposes, including bitcoin acquisitions, working capital, income-generating asset purchases, capital expenditures, share repurchases and debt repayment. Proceeds may also fund acquisitions of complementary businesses, assets or technologies.

The preferred stock carries a stated value of $100 per share with an initial monthly dividend rate of 12% annually. Strive retains discretion to adjust the dividend rate subject to certain restrictions, including limitations on rate reductions and minimum rate floors tied to the one-month SOFR rate.

Dividends will be paid monthly on the 15th of each month beginning December 15, 2025. The company plans to establish a dividend reserve equal to 12 months of payments by depositing $12 per share into a separate account at closing.

Strive can redeem shares at $110 per share plus unpaid dividends after the stock lists on major exchanges, with certain volume requirements. Holders may require repurchase at $100 per share plus unpaid dividends if fundamental changes occur.

The offering is managed by Barclays and Cantor as joint book-running managers, with Clear Street as co-manager. The offering proceeds through an effective shelf registration statement filed with the Securities and Exchange Commission.

Strive describes itself as a publicly traded asset management company focused on bitcoin treasury operations, holding approximately 5,958 bitcoins as of October 27, 2025. Its subsidiary Strive Asset Management manages over $2 billion in assets.

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