Share
Share this article
Copy linkX (Twitter)LinkedInFacebookEmail
Markets
Share
Share this article
Copy linkX (Twitter)LinkedInFacebookEmail
Bitcoin treasury firm Strive raises $225 mil
Markets
Share
Share this article
Copy linkX (Twitter)LinkedInFacebookEmail
Bitcoin treasury firm Strive raises $225 mil
Bitcoin treasury firm Strive raises $225 million to pay off loans, buy more bitcoin
6 min read
Bitcoin treasury firm Strive raises $225 million to pay off loans, buy more bitcoin
The offering of SATA shares was oversubscribed and upsized from the initial $150 million target.
By James Van Straten, AI Boost|Edited by Stephen Alpher
Updated Jan 28, 2026, 6:04 p.m. Published Jan 28, 2026, 3:18 p.m.
Make us preferred on Google
What to know:
- Strive (ASST) raised $225 million through an upsized and oversubscribed SATA preferred offering.
- The company retired $110 million of the $120 million of legacy debt from recently acquired Semler Scientific (SMLR)
- Strive also increased its bitcoin treasury by 333.89 coins, bringing the total to roughly 13,132 BTC worth more than $1.1 billion.
Bitcoin treasury company Strive (ASST) now has less debt and more bitcoin on its books after raising $225 million via an offering of its SATA preferred stock.
With more than $600 million in orders, according to a press release, the offering was upsized from an initially targeted $150 million.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Sign me up
The proceeds and exchanges enabled Strive to rapidly reduce leverage following its acquisition of Semler Scientific (SMLR). The company retired $110 million of the $120 million of legacy Semler debt, including $90 million of convertible notes exchanged into SATA Stock and the full repayment of a $20 million Coinbase Credit loan.
As a result, 100% of Strive’s bitcoin holdings are now unencumbered, with plans to retire the remaining $10 million of debt by April 2026, ahead of its original 12 month timeline.
Strive also used some of the funds to acquire an additional 333.89 bitcoin at an average price of $89,851, bringing total holdings to 13,131 BTC and making it the tenth largest public corporate holder globally. Those holdings are worth more than $1.1 billion at bitcoin's current price of $89,100.
ASST shares remain under pressure, down 1.5% early Wednesday to $0.81.
Bitcoin NewsVivek ramaswamy
AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
More For You
Pudgy Penguins: A New Blueprint for Tokenized Culture
Pudgy Penguins is building a multi-vertical consumer IP platform — combining phygital products, games, NFTs and PENGU to monetize culture at scale.
What to know:
Pudgy Penguins is emerging as one of the strongest NFT-native brands of this cycle, shifting from speculative “digital luxury goods” into a multi-vertical consumer IP platform. Its strategy is to acquire users through mainstream channels first; toys, retail partnerships and viral media, then onboard them into Web3 through games, NFTs and the PENGU token.
The ecosystem now spans phygital products (> $13M retail sales and >1M units sold), games and experiences (Pudgy Party surpassed 500k downloads in two weeks), and a widely distributed token (airdropped to 6M+ wallets). While the market is currently pricing Pudgy at a premium relative to traditional IP peers, sustained success depends on execution across retail expansion, gaming adoption and deeper token utility.
View Full Report
More For You
Paxos' gold token rakes in record inflows as crypto investors turn to the yellow metal
Tokenized gold has improved the traditional store of value metal's utility, while bitcoin trades like a risk asset amid uncertain times, one expert noted.
What to know:
- Paxos Gold (PAXG) posted a record inflow of $248 million in January, boosting its market cap to $2.2 billion.
- The tokenized gold market crossed $5.5B as investors seek stable value amid crypto stagnation.
- The moves occurred as gold prices surged to new records above $5,300.
Read full story
Latest Crypto News
Paxos' gold token rakes in record inflows as crypto investors turn to the yellow metal
White House to meet with crypto, banking executives to discuss market structure bill
Optimism governance approves OP token buyback plan tied to superchain revenue
Crypto's political power supercharged with $193 million in Fairshake, thanks to new cash
Federal Reserve holds policy steady as early rate cut bets vanish and bitcoin stalls
Coinbase rolls out prediction markets to all U.S. customers
Top Stories
Circle shares rise 4% as Polymarket-driven USDC growth prompts analyst upgrade
Robinhood CEO says tokenized stocks could prevent another GameStop freeze
Tether is buying up to $1 billion of gold per month and storing it in a 'James Bond' bunker
Fidelity Investments starts its own stablecoin in a massive bet that future of banking is on blockchain
The Fed has an interest rate announcement today — crypto traders think it will be boring
HYPE token's 50% surge is a story of crypto-traditional market convergence, treasury firm says
Latest Crypto News
Paxos' gold token rakes in record inflows as crypto investors turn to the yellow metal
White House to meet with crypto, banking executives to discuss market structure bill
Optimism governance approves OP token buyback plan tied to superchain revenue
Crypto's political power supercharged with $193 million in Fairshake, thanks to new cash
Federal Reserve holds policy steady as early rate cut bets vanish and bitcoin stalls
Coinbase rolls out prediction markets to all U.S. customers
Top Stories
Circle shares rise 4% as Polymarket-driven USDC growth prompts analyst upgrade
Robinhood CEO says tokenized stocks could prevent another GameStop freeze
Tether is buying up to $1 billion of gold per month and storing it in a 'James Bond' bunker
Fidelity Investments starts its own stablecoin in a massive bet that future of banking is on blockchain
The Fed has an interest rate announcement today — crypto traders think it will be boring
HYPE token's 50% surge is a story of crypto-traditional market convergence, treasury firm says
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
Japan-Based Bitcoin Treasury Company Metaplanet Completes $1.4 Billion IPO! Will It Buy Bitcoin? Here Are the Details
The post Japan-Based Bitcoin Treasury Company Metaplanet Completes $1.4 Billion IPO! Will It Buy Bitcoin? Here Are the Details appeared on BitcoinEthereumNews.com. Japan-based Bitcoin treasury company Metaplanet announced today that it has successfully completed its public offering process. Metaplanet Grows Bitcoin Treasury with $1.4 Billion IPO The company’s CEO, Simon Gerovich, stated in a post on the X platform that a large number of institutional investors participated in the process. Among the investors, mutual funds, sovereign wealth funds, and hedge funds were notable. According to Gerovich, approximately 100 institutional investors participated in roadshows held prior to the IPO. Ultimately, over 70 investors participated in Metaplanet’s capital raising. Previously disclosed information indicated that the company had raised approximately $1.4 billion through the IPO. This funding will accelerate Metaplanet’s growth plans and, in particular, allow the company to increase its balance sheet Bitcoin holdings. Gerovich emphasized that this step will propel Metaplanet to its next stage of development and strengthen the company’s global Bitcoin strategy. Metaplanet has recently become one of the leading companies in Japan in promoting digital asset adoption. The company has previously stated that it views Bitcoin as a long-term store of value. This large-scale IPO is considered a significant step in not only strengthening Metaplanet’s capital but also consolidating Japan’s role in the global crypto finance market. *This is not investment advice. Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data! Source: https://en.bitcoinsistemi.com/japan-based-bitcoin-treasury-company-metaplanet-completes-1-4-billion-ipo-will-it-buy-bitcoin-here-are-the-details/
Share
BitcoinEthereumNews2025/09/18 08:42
‘High Risk’ Projects Dominate Crypto Press Releases, Report Finds
The post ‘High Risk’ Projects Dominate Crypto Press Releases, Report Finds appeared on BitcoinEthereumNews.com. More than six in 10 crypto press releases published
Share
BitcoinEthereumNews2026/02/04 13:09
Why Vitalik Says L2s Aren’t Ethereum Shards Now?
The post Why Vitalik Says L2s Aren’t Ethereum Shards Now? appeared on BitcoinEthereumNews.com. Vitalik says Ethereum’s scaling and higher gas limits mean L2s no
Share
BitcoinEthereumNews2026/02/04 13:18