Strive boosts Bitcoin with $500M equity offering – but Standard Chartered lowers BTC forecast
- Strive has launched a $500 million equity offering to boost its Bitcoin assets.
- Standard Chartered has drastically lowered its forecasts for the Bitcoin price.
Strive has announced its plan to increase its crypto holdings through a new stock offering. As CNF reported, about 4.95 million BTC held worldwide by companies, institutions and ETFs. While Strive is adding to its crypto holdings, Standard Chartered has lowered its Bitcoin price forecast.
$500 million dollar share offering via major banks
On Tuesday, Strive, the first publicly traded Bitcoin asset management company, announced its plans to launch a $500 million at-the-market offering for its Series A Floating Rate Preferred Stock (SATA). Under a sales agreement described in the prospectus, Cantor Fitzgerald, Barclays and Clear Street will offer shares worth up to $500 million.
Strive will leverage the ATM structure, a common method for public companies to raise capital, giving it the flexibility to sell the SATA shares directly into the market at the market price at the time of sale. This method differs from the typical Initial Public Offering (IPO) or follow-on offering, where a fixed price is set in advance.
The goal is to increase the Bitcoin share per share in order to achieve better long-term performance than the cryptocurrency. As of November 7th, Strive held 7,525 BTC. SATA stock offers a 12% annual dividend, paid regularly starting November 10, 2025.
Strive wrote in one X-Post:
“The program builds on the success of the SATA IPO and will provide the Company with additional capital for general corporate purposes, including the acquisition of more Bitcoin.”
The move comes after Strive completed its initial IPO, having purchased all shares on offer and received the funds. The SATA shares were offered at $80 per share with the aim of selling 1.25 million shares, but strong interest resulted in a sale of two million shares.
Standard Chartered Lowers Bitcoin Forecast
In contrast to Strive’s bullish stance on Bitcoin, Standard Chartered, previously one of the biggest Bitcoin proponents, has sharply revised down its price forecasts.
Geoff Kendrick, R&D head of digital assets research, has halved the bank’s 2025 BTC price target from $300,000 to $150,000. The bank lowered its annual target for 2024 to $100,000.
What is noteworthy is that the bank’s long-term forecasts have not changed. As CNf reported, sees Kendrick Bitcoin at $200,000 by the end of the year and $500,000 by the end of Trump’s term.
Kendrick wrote:
“The price target changes were largely triggered by the recent Bitcoin price decline.”
Currently, a Bitcoin changes hands for with a market capitalization of Bn$1.83 90.312 $ after being in the last 24 hours a 2% has increased.
The Bitcoin price forecast cut comes months after Standard Chartered revised its 2025 Ethereum price forecast, cutting it by 60% from $10,000 to $4,000 – CNF reported.
The ETH token is currently being sold at 3.322,57 $ traded and is in the last few days 6,76% sunk .
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