Strive, the Bitcoin treasury and asset management firm trading on NASDAQ under the ticker ASST, just had its biggest week of Bitcoin buying yet. The company raised enough capital through its Variable Rate Series A Perpetual Preferred Stock, known as SATA, to purchase 790 Bitcoin over the course of the week, with an estimated 250 Bitcoin acquired in a single day.
That 790-coin haul more than doubles its previous weekly record of 371 Bitcoin, set in May 2026.
How SATA works as a Bitcoin acquisition engine
SATA is a perpetual preferred stock, meaning it pays dividends indefinitely and doesn’t have a maturity date like a bond. The net proceeds from selling SATA shares go directly toward purchasing Bitcoin.
Strive manages the SATA stock within a targeted trading range of $99 to $101. The current dividend rate sits at 13.00%, designed to keep demand for the preferred shares strong.
