{"id":130668,"date":"2026-01-28T16:32:42","date_gmt":"2026-01-28T16:32:42","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=130668"},"modified":"2026-01-28T16:32:42","modified_gmt":"2026-01-28T16:32:42","slug":"strive-asst-uses-sata-shares-to-pay-off-bulk-of-semler-debt-adds-bitcoin-to-balance-sheet","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=130668","title":{"rendered":"Strive ($ASST) Uses SATA Shares to Pay Off Bulk of Semler Debt, Adds Bitcoin to Balance Sheet"},"content":{"rendered":"

Bitcoin Magazine<\/a><\/p>\n

Strive ($ASST) Uses SATA Shares to Pay Off Bulk of Semler Debt, Adds Bitcoin to Balance Sheet<\/a><\/p>\n

<\/div>\n

Strive, Inc. announced today that it has closed an upsized and oversubscribed follow-on offering of its Variable Rate Series A Perpetual Preferred Stock, raising $225 million amid strong institutional demand and accelerating the retirement of legacy debt from its Semler Scientific acquisition.<\/a><\/p>\n

The Dallas-based firm said it sold 1.32 million shares of the preferred stock \u2014 known as SATA \u2014 at $90 per share, after demand exceeded $600 million. The offering was initially targeted at $150 million before being increased alongside a series of privately negotiated note exchanges.<\/p>\n

As part of the transaction, Strive retired $110 million of the $120 million in debt assumed from Semler Scientific<\/a>, including $90 million of Semler\u2019s 4.25% convertible senior notes due 2030, which were exchanged for approximately 930,000 shares of SATA stock.\u00a0<\/p>\n

The company also used proceeds from the offering to fully repay a $20 million loan with Coinbase Credit, leaving all of Strive\u2019s bitcoin holdings unencumbered.\u00a0<\/p>\n

The remaining $10 million of Semler-related debt is expected to be retired by April 2026, the company said<\/a>.<\/p>\n

This quick deleveraging comes just 11 days after Strive closed the Semler acquisition, placing the firm well ahead of its previously stated goal to retire the debt within 12 months.<\/p>\n

\u201cBy quickly returning to a preferred equity\u2013only amplification structure, we are matching the long-duration nature of bitcoin with long-duration financing,\u201d said Chairman and CEO Matt Cole, adding that the company views preferred equity as the optimal mechanism for scaling bitcoin exposure.<\/p>\n

Strive purchases $29 million in bitcoin<\/h2>\n

Strive also disclosed that it purchased an additional 333.89 bitcoin at an average price of $89,851, bringing total holdings to 13,131.82 BTC as of January 28. The company is now the tenth-largest publicly traded corporate holder of bitcoin globally.<\/p>\n

According to Strive, its amplification ratio \u2014 calculated as total debt and preferred equity divided by the market value of bitcoin held \u2014 stands at 37.2%, with 97.7% derived from preferred equity.<\/p>\n

The firm reported a quarter-to-date bitcoin yield of 21.17%, a metric reflecting growth in bitcoin exposure per common share.<\/p>\n

\u201cThe successful completion of this oversubscribed SATA follow-on offering reflects robust and growing investor demand for digital credit,\u201d said Chief Investment Officer Ben Werkman. \u201cIn just over four months, Strive has scaled from zero bitcoin to become a top-10 publicly traded holder.\u201d<\/p>\n

Source: Strive<\/a><\/p>\n

This post Strive ($ASST) Uses SATA Shares to Pay Off Bulk of Semler Debt, Adds Bitcoin to Balance Sheet<\/a> first appeared on Bitcoin Magazine<\/a> and is written by Micah Zimmerman<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin Magazine Strive ($ASST) Uses SATA Shares to Pay Off Bulk of Semler Debt, Adds Bitcoin to Balance Sheet Strive, Inc. announced today that it has closed an upsized and oversubscribed follow-on offering of its Variable Rate Series A Perpetual Preferred Stock, raising $225 million amid strong institutional demand and accelerating the retirement of legacy […]<\/p>\n","protected":false},"author":0,"featured_media":130669,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-130668","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/130668"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=130668"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/130668\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/130669"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=130668"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=130668"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=130668"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}