Strive (ASST) prices $2.21B at-the-market offering at $16.12/share for bitcoin acquisition

Filed June 5, 2026 · ~1 min read

Key Changes

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  Strive prices an at-the-market offering of up to $2.21 billion of Class A Common Stock at $16.12 per share (the June 2, 2026 market price), excluding $336.4 million already sold under the program as of June 2, 2026.

  The Offering verify on EDGAR →
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  Proceeds will fund bitcoin acquisition, working capital, income-generating assets, share buybacks, and debt repayment. Management retains broad discretion over allocation. Bitcoin traded $63,000–$124,000 in the prior 12 months and generates no income.

  Use of Proceeds verify on EDGAR →
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  The offering price of $16.12 is below the $17.86 pre-offering net tangible book value per share, causing existing holders to lose $1.56 per share while new investors gain $0.18 per share in immediate book value.

  Dilution verify on EDGAR →