Strive's SATA Program Scoops Up ~490 BTC in One Session, Outpacing Daily Miner Supply

Strive, Inc.'s preferred-stock buying program briefly absorbed more Bitcoin in a single trading session than the network typically creates in a day, underscoring how corporate treasury activity can meaningfully tighten circulating supply. According to the Bitcoin for Corporations SATA Tracker, Strive's SATA (Variable Rate Series A Perpetual Preferred Stock) program purchased an estimated ~490 BTC in one session, slightly above typical daily issuance of roughly 450 BTC. The tracker showed about $66.9 million in SATA volume that day. The instrument carries a 13% stated yield, and 95% of trades were executed above the $100 per-share par level set by Strive's board. At-the-market proceeds were estimated at about $35.3 million while BTC traded around $74,956, implying a session capture rate near 58% and an acquisition of roughly 490 BTC. The tracker later revised the day's absorption estimate to 475 BTC, the second confirmed daily supply-absorption event by SATA in eight days. Following April's halving, miners earn 3.125 BTC per block. With about 144 blocks mined daily, new issuance runs near 450 BTC every 24 hours. A single corporate instrument buying at or above that level in one session is notable because it can directly absorb newly issued supply that would otherwise flow into the market. For the week ended May 24, the SATA program purchased roughly 794 BTC. Over the May 18–26 8-K filing window, SATA generated about $50 million in proceeds and added roughly 650 BTC to Strive's treasury at an overall 48% capture rate. Strive's SEC filing also confirmed the purchase of 1,109 BTC between May 19 and May 22 at an average price of about $76,989, lifting total holdings to about 16,500 BTC. Strive, based in Dallas, operates as a corporate treasury and structured-finance firm and uses preferred-equity products—notably SATA—to raise long-duration capital for bitcoin accumulation rather than relying primarily on traditional debt. SATA is structured to pay cash dividends at an annualized 13% rate, with daily distributions designed to enable compounding. Strive has set a $100 per-share floor, generally avoiding issuance below that level. The company says SATA proceeds fund bitcoin purchases, retire convertible notes tied to its Semler Scientific acquisition, and repay a Coinbase Credit loan. Corporate demand channeled through vehicles like SATA can create concentrated, short-term absorption of newly mined Bitcoin. Repeated episodes may tighten available supply and influence price dynamics, and Strive's recent disclosures suggest its preferred-stock strategy is contributing materially to that demand.