Strive, Inc. has raised fresh capital through its SATA preferred stock to buy 400 more Bitcoin this week. The purchase extends a run that has taken the NASDAQ-listed treasury company from a few thousand BTC in late 2025 to somewhere between 19,000 and 20,000 BTC by mid-August 2026.
Strive, Inc., which trades on NASDAQ under the ticker ASST, is adding another 400 Bitcoin to its treasury this week. The company raised the capital through its Variable Rate Series A Perpetual Preferred Stock, traded under its own ticker, SATA.
The SATA machine keeps humming
SATA launched in November 2025 with an oversubscribed IPO that raised roughly $149 million to $160 million in initial capital. The preferred stock carries a $100 par value, and whenever it trades above that level, Strive can tap at-the-market offerings to raise fresh equity without a traditional capital raise. Holders receive a daily dividend at an annualized rate of approximately 13%.
From low thousands to nearly 20,000 BTC
In late 2025, Strive held Bitcoin in the low thousands. By mid-August 2026, that figure has grown to somewhere between 19,000 and 20,000 BTC.
Along the way, Strive bought around 2,500 BTC at an average price of $74,092 per coin between May 23 and June 1, 2026 — a window that represented well over $185 million in acquisitions. Another 759 BTC joined the treasury in June 2026, and this week's 400 BTC purchase adds to that total. Strive manages assets exceeding $2 billion to $2.5 billion as a registered asset manager.
The corporate Bitcoin treasury playbook evolves
Rather than issuing convertible notes or taking on debt, Strive created a preferred equity instrument that aligns shareholder incentives with its Bitcoin buying: holders get their 13% yield, and the company gets a flexible, repeatable source of capital. On peak acquisition days, Strive's purchases have reportedly surpassed the roughly 450 BTC produced daily by the entire Bitcoin mining industry at current block reward levels.
Source: Crypto Briefing
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