Strive Raises Funds to Buy 104 Bitcoin Via Preferred Stock Program

Strive has raised fresh capital through a preferred stock program to fund the purchase of 104 Bitcoin, marking another corporate move to expand direct Bitcoin exposure through capital markets financing.

The fundraising announcement ties the capital raise directly to a preferred stock program, with proceeds allocated to acquiring the 104 Bitcoin, according to reporting on Strive’s SATA-linked purchases. The move continues a pattern of the company using structured equity instruments rather than operating cash to build a Bitcoin position. For related coverage, see Strive raises funds to acquire 191 Bitcoin via SATA preferred stock.

Details of the transaction are laid out in the company’s SEC filing. The disclosure frames the raise as part of an ongoing accumulation strategy financed through the preferred stock structure. For related coverage, see Strive Raises $10M in ATM Proceeds to Buy 130+ Bitcoin.

How the preferred stock program funds the buy

The financing vehicle behind the acquisition is preferred stock, a capital markets instrument that lets a company raise money by issuing shares that sit above common equity in the capital structure. Strive is directing that capital toward Bitcoin rather than traditional treasury holdings. For related coverage, see Strive Raises $50 Million to Acquire 429 Bitcoin.

The approach mirrors Strive’s earlier raises. The company previously tapped its SATA preferred stock to acquire 191 Bitcoin and separately used ATM proceeds to buy more than 130 Bitcoin, showing a repeated preference for equity-linked financing over debt or cash.

Why the 104 BTC purchase matters

A specific, measurable purchase size makes the move trackable against Strive’s broader accumulation. The company has also grown its treasury past 21,000 BTC through similar raises, placing this latest buy within a steady cadence of additions. For related coverage, see Strive raises funds to acquire 210 Bitcoin as treasury tops 21,000 BTC.

The use of a capital markets instrument to buy Bitcoin signals continued corporate appetite for the asset as a balance sheet holding. Strive’s media page lists its ongoing disclosures, available on the company’s site, for readers tracking the frequency of these purchases. For related coverage, see Strategy Raises $602.8M From MSTR Sales, Puts $369.7M Into Bitcoin.

For those watching corporate Bitcoin adoption, the next signal to monitor is whether Strive continues issuing preferred stock at this pace and how quickly follow-on raises translate into further Bitcoin buys.

Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency and digital asset markets carry significant risk. Always do your own research before making decisions.