Strive Buys 400 Bitcoin This Week Using Proceeds From Preferred Stock

Strive, Inc. (NASDAQ: ASST) said it purchased an additional 400 Bitcoin this week, funded through its Variable Rate Series A Perpetual Preferred Stock, which trades under the ticker SATA. The company launched SATA in November 2025. Strive said the initial public offering was oversubscribed and raised roughly $149 million to $160 million. The preferred shares have a $100 par value. When SATA trades above par, Strive can issue shares through at-the-market offerings to raise new equity without a traditional financing process. The security pays holders a daily dividend equivalent to an annualized yield of about 13%. Strive's Bitcoin holdings have expanded sharply since late 2025, when the company held Bitcoin in the low thousands. By mid-August 2026, Strive said its treasury had grown to roughly 19,000 to 20,000 BTC. The company highlighted a major buying period from May 23 to June 1, 2026, when it acquired about 2,500 BTC at an average price of $74,092 per coin, totaling more than $185 million. In June 2026, it added another 759 BTC. The latest 400 BTC purchase adds to that tally. Strive is a registered asset manager and said it oversees more than $2 billion to $2.5 billion in assets. The firm positioned SATA as an alternative to convertible debt or other borrowing, using preferred equity to create a repeatable funding channel for Bitcoin accumulation while offering investors a roughly 13% yield. On some days, Strive's reported purchases have exceeded the pace of new Bitcoin issuance by miners, which is about 450 BTC per day under current block reward levels.