Strive Buys 790 Bitcoin in a Week Using SATA Preferred Stock Proceeds

Strive, a Bitcoin treasury and asset manager listed on NASDAQ as ASST, logged its largest week of Bitcoin purchases to date. The firm said it deployed proceeds from its Variable Rate Series A Perpetual Preferred Stock program, known as SATA, to acquire 790 Bitcoin over the week, including an estimated 250 Bitcoin bought in a single day. The 790-Bitcoin haul more than doubles Strive's prior weekly record of 371 Bitcoin, set in May 2026. SATA is structured as perpetual preferred stock, paying ongoing dividends with no maturity date. Strive directs net proceeds from SATA share sales into Bitcoin purchases. The company aims to manage SATA within a $99 to $101 trading range. The current dividend rate is 13.00%, a level intended to support demand for the preferred shares. Strive's initial SATA issuance was a $149.3 million IPO in November 2025, which funded the purchase of 1,567 Bitcoin. The firm has since broadened its capital-raising toolkit with a $500 million at-the-market (ATM) program, with proceeds also allocated toward additional Bitcoin buying. Strive now reports holding more than 15,000 Bitcoin on its balance sheet. The company says it has positioned reserves to cover SATA dividend obligations for an estimated 20 years. For ASST common shareholders, Bitcoin acquired with preferred-stock proceeds increases net asset value without diluting their ownership. The key pressure point emerges if Bitcoin enters a prolonged downturn: the 13% annual dividend obligation on an expanding preferred base would require either continued Bitcoin appreciation or disciplined treasury management. Strive said strong institutional participation in SATA highlights demand for yield-bearing, Bitcoin-backed instruments that pair exposure to the asset with recurring income.