PANews reported on January 22 that Strive, backed by Vivek Ramaswamy, announced it will raise $150 million through the issuance of variable-rate Series A perpetual preferred stock (SATA Stock). The proceeds will be used for debt reduction, purchasing Bitcoin and related products, and supporting company expansion. SATA Stock offers an annual dividend of 12.25% with an adjustable mechanism and redemption clause. Previously, Strive received approval to acquire Semler Scientific, a deal that will add over 5,000 BTC to its portfolio. Upon completion of the transaction, Strive's Bitcoin holdings will increase to 12,798, making it the 11th largest corporate Bitcoin holder globally.