The post Strive Targets $150M Raise to Cut Debt and Buy More Bitcoin appeared on BitcoinEthereumNews.com.

Strive plans to raise to $150M through SATA preferred stock to pay down Semler liabilities and buy Bitcoin. The firm will offer debt-for-equity swaps to convert Semler notes into preferred shares and simplify its capital structure. Strive’s move comes as crypto treasury companies face heavy 2026 pressure to build yield beyond asset holdings. Strive, a fund management company founded by former US Presidential candidate Vivek Ramaswamy, is on the brink of raising as much as $150 million via a preferred stock offering. The funds raised will be used for paying off debt and buying more Bitcoin. This is a positive development for Strive, especially when analysts predict that weak companies such as those operating a cryptocurrency treasury model will struggle in 2026. In a Wednesday announcement, Strive said it will sell Variable Rate Series A Perpetual Preferred Stock, trading under the ticker SATA. The company will use the raised funds alongside existing cash and possible gains from unwinding hedge positions to pay down liabilities at its wholly owned subsidiary, Semler Scientific. Strive aims to simplify Semler’s capital structure The major focus of Strive’s debt reduction will be the repurchase of a portion of Semler’s 4.25% convertible senior notes due in 2030, aside from a reduction in the borrowings under the master loan agreement with Coinbase Credit. According to Strive, this strategy will help it return to a “perpetual-preferred only amplification model,” which signals a shift toward a cleaner capital stack driven by preferred financing rather than layered debt exposure. After debt repayment, Strive may direct remaining proceeds toward Bitcoin purchases and Bitcoin-related products. This approach keeps the firm aligned with its long-term treasury accumulation play, even as the market debates the sustainability of pure “hold BTC” business models. Debt-for-equity swaps reshape the offering Strive also outlined another key lever: private…

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Filed under: News - @ January 22, 2026 4:24 pm