Strive (ASST) Stock: Bitcoin Treasury Firm Announces $4.2B ATM Program Expansion

TLDR

• Strive plans a $4.2B ATM expansion to fund future Bitcoin purchases.
• ASST stock drops 2.77% after Strive lays out larger funding plans.
• Strive targets higher ASST and SATA capacity to support Bitcoin buys.
• Strive’s Bitcoin treasury push grows following rapid BTC accumulation.
• ASST slips as Strive prepares one of 2026’s largest ATM expansion projects.

(SeaPRwire) –   On Monday, Strive (ASST) moved to expand its Bitcoin funding capacity, while ASST stock declined during regular trading hours. The company plans a $4.2 billion increase to its ATM program across both its common and preferred securities. The update gives Strive more flexibility to raise capital for future Bitcoin purchases. ASST traded at $17.18, down 2.77%, after a sharp morning selloff followed by a partial rebound near midday

Strive, Inc., ticker ASST

Strive Plans Major ATM Capacity Increase

Strive expects to add $2.1 billion to its Class A common stock ATM program. It will also add $2.1 billion to its SATA preferred stock ATM program. Combined, the proposed increases add up to $4.2 billion in extra fundraising capacity for the firm.

The planned expansion will lift ASST common stock ATM capacity to $2.55 billion, while SATA preferred stock ATM capacity will rise to $2.6 billion after the increase. Even so, the plan still requires amended prospectus filings and relevant corporate approvals to move forward.

Chief Executive Matt Cole confirmed the expected capacity increase in a post on X. He stated the plan reflects stronger liquidity and higher demand for ASST and SATA securities, and added that Strive will release a balance sheet update before Tuesday’s market open.

ASST Stock Slips After Morning Selloff

ASST traded at $17.18, down $0.49, or 2.77%, after a sharp morning decline. The stock later recovered part of its losses near midday. Even so, the share price showed downward pressure following the funding update.

The share movement comes as Strive prepares one of the largest capital plans it has launched this year. The company uses ATM programs to issue securities on the open market, then converts the raised capital into Bitcoin as part of its treasury model.

Strive follows a structure similar to Strategy’s Bitcoin treasury playbook. However, Strive has relied on perpetual preferred equity rather than convertible debt. This approach gives the company an alternative route to fund Bitcoin accumulation.

Strive’s Bitcoin Treasury Push Gains Scale

As of late May 2026, Strive held roughly 16,500 BTC. The holdings had an estimated value of around $1.27 billion at that time. This holding balance places Strive among the largest public corporate Bitcoin holders globally.

The company has added more than 3,700 BTC to its treasury since January 2026. Its Bitcoin strategy gained scale after the acquisition of Semler Scientific. That deal helped speed up Strive’s shift to a larger Bitcoin treasury model.

During the week ending May 24, Strive raised enough capital to purchase approximately 2,624 BTC. The company deployed more than $194 million from SATA proceeds alone for purchases. On one single day, SATA proceeds were used to buy an estimated 453 BTC, equal to roughly 101% of that day’s total mined Bitcoin supply.