Strive, Inc. announced the upsizing and pricing of its initial public offering on November 5, 2025 of 2,000,000 shares of Strive’s Variable Rate Series A Perpetual Preferred Stock (the “SATA Stock”), an upsize of 750,000 shares over the amount previously announced, at a public offering price of $80 per share.

The underwriters were led by Barclays Capital Inc. and Cantor Fitzgerald & Co.

Strive intends to use the net proceeds from the offering for general corporate purposes, including the acquisition of bitcoin and bitcoin-related products and for working capital, the purchase of income generating assets to grow the company’s business, other capital expenditures, repurchases of shares of the company’s Class A common stock, and/or repayment of debt.

DLA Piper advised the underwriters with a team that included partners Stephen P. Alicanti and Anna K. Spence (both New York), and associates Bianca LaCaille, Sarah Cooper, and Anna Johansen (all Seattle). partner Michael Madigan (Vancouver) advised on tax matters.