Strive raises funds to acquire 210 Bitcoin as treasury exceeds 21,000 BTC

Strive’s preferred stock offering, trading under the ticker SATA, raised enough capital this week to purchase 191 Bitcoin over just three days. The buying spree adds to what has become one of the most relentless corporate Bitcoin accumulation campaigns outside of MicroStrategy’s well-documented playbook.

The company, listed on NASDAQ under the ticker ASST, has turned its Variable Rate Series A Perpetual Preferred Stock into something of a Bitcoin-buying machine. When SATA trades at or above its $100 par value, Strive converts the raised capital directly into Bitcoin purchases. During two recent sessions where that threshold was met, the firm added approximately 440 BTC to its treasury.

A treasury built at startup speed

Strive’s Bitcoin holdings have grown from the low thousands in late 2025 to over 21,000 BTC by mid-to-late August 2026.

During a five-day stretch from August 17 to 21, the company purchased 1,110 Bitcoin at an average price of $73,409 per coin. Total outlay for that window alone: roughly $81.5 million.

The latest three-day acquisition of 191 BTC represents the company’s strongest accumulation pace since May 2026.

Adding to the pile was Strive’s acquisition of Semler Scientific in January 2026, which contributed approximately 5,048 BTC to the treasury.

How SATA works as a Bitcoin funnel

The mechanics behind Strive’s strategy deserve unpacking. SATA is a perpetual preferred stock, meaning it has no maturity date and pays dividends indefinitely. The instrument currently offers an annualized yield of roughly 13%, paid out daily, which incentivizes the stock to trade near its $100 par value.

The initial public offering of SATA in November 2025 was oversubscribed, raising $149.3 million. That capital funded the purchase of 1,567 Bitcoin right out of the gate.

By December 2025, Strive had authorized a $500 million at-the-market program for ongoing Bitcoin acquisitions through SATA. The ATM structure lets the company sell shares gradually into the open market rather than through large block offerings, providing a steady drip of capital for Bitcoin purchases without shocking the stock price.

The debt-free nature of this approach contrasts with most corporate Bitcoin strategies, including MicroStrategy’s, which have relied heavily on convertible notes and other debt instruments. Strive’s preferred equity route eliminates interest obligations and default risk, trading those concerns for ongoing dividend payments instead.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.