Strive (ASST) shares moved to expand its Bitcoin funding capacity on Monday as ASST stock fell during regular trading. The company plans a $4.2 billion ATM program increase across its common and preferred securities. The update gives Strive more room 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 expects to add $2.1 billion to its Class A common stock ATM program. It also expects to add $2.1 billion to its SATA preferred stock ATM program. Together, the proposed increases would create $4.2 billion in added fundraising capacity.
The planned expansion would lift ASST common stock ATM capacity to $2.55 billion. SATA preferred stock ATM capacity would rise to $2.6 billion after the increase. However, the plan still needs amended prospectus filings and related corporate approvals.
Chief executive Matt Cole confirmed the expected increase in a post on X. He said the plan reflected stronger liquidity and demand for ASST and SATA securities. He also said Strive would provide a balance sheet update before Tuesday’s market open.
ASST traded at $17.18, down $0.49, or 2.77%, after a sharp morning decline. The stock later recovered part of the loss near midday. Even so, the move showed pressure after the funding update.
The share move came as Strive prepared one of its largest capital plans this year. The company wants to use ATM programs to issue securities into the open market. It then converts raised capital into Bitcoin as part of its treasury model.
Strive follows a structure similar to Strategy’s Bitcoin treasury playbook. However, Strive has leaned on perpetual preferred equity rather than convertible debt. That approach gives the company a different route for funding Bitcoin accumulation.
Strive held about 16,500 BTC in late May 2026. The holdings carried an estimated value of about $1.27 billion at the time. That balance placed Strive among the largest public corporate Bitcoin holders worldwide.
The company has added more than 3,700 BTC since January 2026. Its Bitcoin strategy gained scale after the acquisition of Semler Scientific. That deal helped accelerate Strive’s shift into a larger treasury model.
During the week ending May 24, Strive raised enough capital to buy about 2,624 BTC. The company deployed more than $194 million from SATA proceeds alone. On one day, SATA absorbed an estimated 453 BTC, matching about 101% of daily mined Bitcoin supply.
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