Strive Plans $630M Upsized Sale of 15% Fixed-Rate Preferred Stock
Strive has increased its fundraising target to $630 million by issuing additional shares of its 15% fixed-rate preferred stock.
Strive has increased its fundraising target to $630 million by issuing additional shares of its 15% fixed-rate preferred stock. Bitcoin (BTC) is trading at ₹78,60,407 ($82,654.00), up 0.6% since this brief published. This is an original Token Times brief synthesising 2 outlets (Unchained, CoinCodex), plus live market data, as of Fri, 16 Oct 2026 11:45:01 UTC.
This significant capital raise could bolster Strive's ability to accumulate more Bitcoin, potentially impacting BTC's price and investor sentiment. The move also highlights growing institutional interest in crypto-backed financial products.
- Strive increased its fundraising target to $630M through preferred stock sale.
- Shares priced at $90, offering a 15% fixed-rate dividend.
- Proceeds may be used for further Bitcoin accumulation.
- Bitcoin price up 1.74% in 24 hours amid broader market gains.
Both Unchained and CoinCodex report that Strive is raising funds through the sale of 15% fixed-rate preferred stock, with Unchained specifying the amount as $630 million and CoinCodex mentioning a $500 million target. Unchained provides additional details about the share price ($90) and the number of shares (7 million), while CoinCodex suggests the funds could be used for Bitcoin accumulation. The discrepancy in the fundraising target ($630M vs $500M) may reflect different stages of the fundraising process or varying interpretations of the potential total raise.
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- Strive Plans $630M Upsized Sale of 15% Fixed-Rate Preferred Stock — this brief
Strive, a company focused on 
Bitcoin treasury management, has announced an upsized sale of its 15% fixed-rate preferred stock, aiming to raise approximately $630 million. The company plans to issue 7 million shares at a price of $90 per share, which is lower than the $100 dividend basis.
This fundraising effort is larger than initially planned, with an additional 2 million shares being offered. The move indicates strong demand for Strive's financial products and could provide the company with significant capital to expand its operations.
Multiple outlets corroborate the core details of the fundraising plan, though there is a discrepancy in the total fundraising target. While Unchained reports a $630 million target, CoinCodex mentions a $500 million figure, suggesting potential differences in the interpretation of the final raise amount.
The fundraising comes at a time when Bitcoin's price is experiencing a modest rally, with a 1.74% increase in the past 24 hours. The broader crypto market is also performing well, with a total market cap of $2.84 trillion. This positive market sentiment could be beneficial for Strive's fundraising efforts.
The use of proceeds from the sale is expected to support further Bitcoin accumulation, which could have implications for BTC's price and market dynamics. Investors will be watching to see how Strive deploys the capital and whether it leads to increased institutional adoption of Bitcoin.
Since this brief published about 1 hour ago, Bitcoin (BTC) has moved from ₹78,16,660.91$82,194.00 to ₹78,60,406.97$82,654.00 — +0.56%.
The chart plots BTC's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from Token Times's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 BTC ≈ ₹8.58M (about $82,654.00), up 2.0% over 24 hours. The rupee itself trades about 9.1% above the official rate on the P2P market, so a Indian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
Strive Plans $630M Upsized Sale of 15% Fixed-Rate Preferred — questions & answers
What is the total amount Strive plans to raise?
Strive aims to raise approximately $630 million through the sale of its preferred stock.
What is the dividend rate for the preferred stock?
The preferred stock offers a 15% fixed-rate dividend.
How will the funds be used?
The funds are expected to be used for further Bitcoin accumulation.
How much is 1 Bitcoin worth in rupee today?
About ₹8.58M at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $82,654.00. The rupee price moves with both BTC's US-dollar price and the USDT/INR rate; use our Bitcoin in rupee page for any amount.
Has Bitcoin's price moved since this brief was published?
BTC is up 0.56% since this brief first published — trading at ₹78,60,407 ($82,654.00) now versus ₹78,16,661 ($82,194.00) at publication. Token Times re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original Token Times brief that synthesises reporting from Unchained, CoinCodex, with the key figures cross-checked for agreement across them. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original Token Times brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.