According to Cryptobriefing on January 22, Strive announced plans to raise $150 million through the issuance of Series A perpetual preferred shares (SATA Stock). The company said it will use the proceeds to reduce outstanding debt, purchase Bitcoin and Bitcoin-related products, and support the company's growth.

The funding plan follows shareholders' approval of Strive's acquisition of Semler Scientific last week. The acquisition, expected to close in the near future, will add more than 5,000 Bitcoins to Strive's balance sheet and increase the company's Bitcoin reserves to 12,798.