Strive Bets Big on Bitcoin with $500 Million – But Oops, Portfolio Slides 18%!

by

In a twist straight out of a financial thriller, Strive, the Bitcoin treasury firm, is now trying to raise a cool $500 million to fuel its ever-expanding appetite for more Bitcoin (BTC). Why? Well, because why not throw more money at a tanking asset while your portfolio takes a nosedive of nearly 18

Yes, folks, you heard it right! This grand announcement comes just as Strive’s Bitcoin holdings are deep in the red, suffering a nearly 18

Strive’s Plan: More Bitcoin, More Problems?

In a recent press release (full of jargon that’ll make your head spin), Vivek Ramaswamy’s brainchild revealed that it had entered into a sales agreement for issuing up to $500 million in its “Variable Rate Series A Perpetual Preferred Stock” (also known as SATA Stock-because, who doesn’t love a good acronym?). The capital? Oh, it’s for general corporate purposes, with a big chunk of it likely going straight into buying more Bitcoin. Because when in doubt, buy the dip. Right?

In addition to the digital gold, Strive plans to sprinkle some of its newfound cash on working capital, share repurchases, income-generating assets, and-wait for it-debt repayment. They’re really keeping their options open here, folks.

“The SATA Stock, subject to the terms and conditions of the sales agreement, may be sold by the sales agents by any method that is deemed an ‘at-the-market offering’ as defined in Rule 415(a)(4) promulgated under the Securities Act of 1933…” Yep, you get the idea. It’s all very legal, very official, and totally not a financial Hail Mary.

In case you’re wondering, Strive’s Bitcoin strategy is clearly on fire-just not in a good way. According to their Bitcoin Strategy Tracker, the firm purchased Bitcoin three times in 2025. First, they grabbed 5,816 BTC in early September, followed by a smaller scoop of 72 BTC in late October. Then, in a dazzling act of confidence (or desperation), they picked up another 1,567 BTC in early November.

All told, Strive now holds 7,525 BTC, proudly sitting as the 14th largest public holder of Bitcoin. And their average acquisition cost? Oh, just a modest $113,383 per BTC. 😬

As of the latest numbers, those 7,525 BTC are worth $699.81 million. Which sounds great until you realize that’s a gut-wrenching unrealized loss of about $153 million-or 18

Strive Isn’t Alone in this Crypto Chaos

Of course, Strive isn’t the only firm caught in this whirlwind of crypto despair. According to Bitcoin Treasuries, other companies like Metaplanet and GD Culture Group are also watching their fortunes shrink faster than a soggy Bitcoin wallet. Welcome to the cryptocurrency winter.

Bitcoin’s market performance has been pretty catastrophic lately. October wasn’t kind, and the bleeding only worsened in November, with BTC dropping below $100,000 and stubbornly refusing to come back. But hold your horses-there’s a tiny recovery. Just a modest 2.42

And the fun doesn’t end there. Now, digital asset treasury firms are facing more pressure from the likes of MSCI, who have proposed that companies with over 50

Strive, in an act of pure desperation (and maybe a touch of righteous indignation), sent a seven-page letter to MSCI’s chairman, begging for mercy. Their argument? If energy companies, gold miners, and financial firms get to keep their spot on the benchmark, why should digital asset firms be treated any differently? Great point, Strive. But let’s see how MSCI feels about that.

“Index providers do not exclude energy companies whose oil reserves dominate their balance sheets… Creating a special exclusion rule for digital assets would depart from tradition without regulatory or economic rationale.” 💥

MSCI’s verdict will be announced on January 15, 2026. Until then, we wait in suspense, because this could either validate or invalidate the entire Bitcoin treasury business model. Who knew the fate of the digital gold rush would come down to one letter?

Read More

2025-12-10 14:52