Following the playbook pioneered by Strategy, investment firm Strive Inc. has initiated a $500 million stock offering to fund further Bitcoin acquisitions for its corporate treasury. The Vivek Ramaswamy-backed company announced the “at-the-market” sale of its new Variable Rate Series A Perpetual Preferred Stock, which will trade under the ticker symbol SATA. The offering will be conducted through major brokers, including Cantor Fitzgerald and Barclays, allowing Strive to sell shares gradually at prevail ...

Core Insights - Strive Inc (NASDAQ:ASST) has raised $149.3 million through an offering of 2 million shares of its Variable Rate Series A Perpetual Preferred Stock, SATA, to acquire 1,567 Bitcoin, increasing its total holdings to 7,525 Bitcoin, positioning it as a top corporate holder [1] - The stock price of Strive has increased by 2% to $1.54, despite a significant decline in September and October, it remains up 215% year-to-date [2] - The company has attracted notable options activity, with 6,395,981 calls and 285,683 puts exchanged in the last 10 days, indicating strong interest from options traders [4] Options Activity - Strive Inc made a rare appearance on a list of stocks with the highest options volume, with the most activity centered around the weekly 10/31 1.50-strike call [4] - In comparison to other stocks, Strive's total options volume of 6,681,664 ranks it among the top stocks for options trading in the past 10 days [5]