{"id":429212,"date":"2026-06-02T15:22:58","date_gmt":"2026-06-02T09:52:58","guid":{"rendered":"https:\/\/dripp.zone\/news\/why-strive-is-making-a-4-2b-bitcoin-bet-despite-growing-scrutiny-crypto-news\/"},"modified":"2026-06-02T16:46:49","modified_gmt":"2026-06-02T11:16:49","slug":"why-strive-is-making-a-4-2b-bitcoin-bet-despite-growing-scrutiny-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/why-strive-is-making-a-4-2b-bitcoin-bet-despite-growing-scrutiny-crypto-news\/","title":{"rendered":"Why Strive is making a $4.2B Bitcoin bet despite growing scrutiny &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<p><span style=\"font-weight: 400;\">Bitcoin treasury firm Strive has announced a $4 billion capital\u2011raising plan to accelerate its BTC purchases. Furthermore, Strive CEO Matt Cole stated:<\/span><\/p>\n<blockquote>\n<p><span style=\"font-weight: 400;\">Strive expects to increase the size of both the $ASST and $SATA ATM programs by $2.1 billion each, reflecting a sustained increase in liquidity and demand for both securities.<\/span><\/p>\n<\/blockquote>\n<p><span style=\"font-weight: 400;\">This meant the firm would increase the sale of its primary stock, ASST, and its preferred stock, SATA, to raise $4.2 billion. For<\/span><span style=\"font-weight: 400;\">\u00a0those unfamiliar, Strive\u2019s SATA functions like Strategy\u2019s Stretch [STRC] but distinguishes itself by offering a higher 13% interest rate to attract investors.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">At press time, SATA\u2019s market cap has surged to $426 million, which is relatively small compared to Strategy\u2019s STRC size of +$10 billion. However, the sales are geared towards <\/span><a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/ambcrypto.com\/coins\/bitcoin\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\"><span style=\"font-weight: 400;\">BTC<\/span><\/a><span style=\"font-weight: 400;\"> accumulation.\u00a0<\/span><\/p>\n<figure id=\"attachment_604318\" aria-describedby=\"caption-attachment-604318\" style=\"width: 1364px\" class=\"wp-caption aligncenter\"><a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/06\/Screenshot-2026-06-02-084233.png\" data-wpel-link=\"internal\"><noscript><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-604318\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/06\/Screenshot-2026-06-02-084233.png\" alt=\"Strive Bitcoin Treasury\" width=\"1364\" height=\"547\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/06\/Screenshot-2026-06-02-084233.png 1364w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/06\/Screenshot-2026-06-02-084233-300x120.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/06\/Screenshot-2026-06-02-084233-1024x411.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/06\/Screenshot-2026-06-02-084233-768x308.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/06\/Screenshot-2026-06-02-084233-1200x481.png 1200w\" sizes=\"auto, (max-width: 1364px) 100vw, 1364px\"\/><\/noscript><\/a><figcaption id=\"caption-attachment-604318\" class=\"wp-caption-text\"><span style=\"font-weight: 400;\">Source: BitcoinQuant\u00a0<\/span><\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">At current prices of $70K per BTC, if the $4.2B capital is raised and deployed, the firm could acquire about 60K BTC.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Strive is the world\u2019s seventh-largest Bitcoin treasury firm, with 16,500 BTC. Scaling its stash to over 50K BTC would effectively flip Metaplanet and place it in the top three.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The firm\u2019s stock ASST slipped 2.6% on Monday and closed at $17.2 after the update. It dropped even further by 1% to $17.0 in pre-market hours as BTC slipped lower.\u00a0<\/span><\/p>\n<h2><strong>Strategy\u2019s $2.5M BTC sell-off triggers treasury firm scrutiny<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">Even so, there has been negative sentiment across X (formerly Twitter) against BTC treasury firms. On the 1st of June, Strategy reported that it sold $2.5 million BTC for the first time in three years.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Following the move, Jeff Dorman, Arca CIO, reiterated his previous <\/span><a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/ambcrypto.com\/analysts-alarmed-as-strategy-transfers-30-mln-bitcoin-someone-is-going-to-lose-badly\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\"><span style=\"font-weight: 400;\">warning<\/span><\/a><span style=\"font-weight: 400;\">, noting that,<\/span><\/p>\n<blockquote>\n<p><span style=\"font-weight: 400;\">Tiny sales today just to prep the market for bigger sales to come. $STRC, $MSTR, and $BTC <\/span><span style=\"font-weight: 400;\">cannot all win together. Just foreshadowing today that someone is going to lose here at the expense of the others.<\/span><\/p>\n<\/blockquote>\n<p><span style=\"font-weight: 400;\">Although some framed the Strategy sell\u2011off as a tax\u2011harvesting move, the update still triggered a 4% drop in BTC. At the same time, short sellers intensified pressure by attempting to break the $70K support level.\u00a0<\/span><span style=\"font-weight: 400;\">Additionally, ProCap, another treasury firm, also <\/span><a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/ambcrypto.com\/procap-sells-bitcoin-to-buy-back-discounted-shares-as-treasury-firms-rethink-btc-strategy\/\" data-wpel-link=\"internal\"><span style=\"font-weight: 400;\">sold 52 BTC<\/span><\/a><span style=\"font-weight: 400;\"> to fund its stock buyback and boost its mNAV (market-to-net asset value).\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Recently, French chip maker Sequans and KULR Technology also <\/span><a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/ambcrypto.com\/bitcoin-firms-dump-holdings-as-treasury-losses-reach-30b-whats-next\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\"><span style=\"font-weight: 400;\">dropped<\/span><\/a><span style=\"font-weight: 400;\"> their BTC treasury plans, further casting doubt on the segment. Despite the rebalancing and shifts, overall treasury firms scaled BTC holdings by 1.8% to 1.24 million in the past thirty days.<\/span><\/p>\n<hr\/>\n<h2>Final Summary<\/h2>\n<ul>\n<li style=\"font-weight: 400;\"><em><span style=\"font-weight: 400;\">Strive is upping its BTC bet with a $4.2 billion capital war chest\u00a0<\/span><\/em><\/li>\n<li style=\"font-weight: 400;\"><em><span style=\"font-weight: 400;\">Analysts warned that Strategy\u2019s sell-offs could intensify in the coming weeks\u00a0<\/span><\/em><\/li>\n<\/ul><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin treasury firm Strive has announced a $4 billion capital\u2011raising plan to accelerate its BTC purchases. Furthermore, Strive CEO Matt Cole stated: Strive expects to increase the size of both the $ASST and $SATA ATM programs by $2.1 billion each, reflecting a sustained increase in liquidity and demand for both securities. This meant the firm [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":429219,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,208,227,226,228,229,60,223,207,224,222,47332],"class_list":["post-429212","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-crypto-news","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-news","tag-robinhood","tag-solana","tag-strive"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/429212","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=429212"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/429212\/revisions"}],"predecessor-version":[{"id":429220,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/429212\/revisions\/429220"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/429219"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=429212"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=429212"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=429212"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}