Strive, the Bitcoin treasury firm trading on Nasdaq under the ticker ASST, raised enough capital through its Variable Rate Series A Perpetual Preferred Stock (SATA) to purchase 111 Bitcoin during a single trading session.
The 111 BTC purchase is a relatively modest one by Strive’s recent standards. The company has been on a buying spree that included roughly 2,624 BTC in a single week and nearly 490 BTC in a single day.
How the SATA machine works
Strive issues preferred stock to investors who receive a dividend yield, currently at 13%, up from the initial 12% when SATA launched in November 2025. The capital raised from those stock sales goes directly into buying Bitcoin. The company is targeting a SATA trading range of $99 to $101, essentially trying to make it behave like a near-par bond that pays crypto-funded dividends.
Plans for daily cash payouts from SATA dividends are expected to begin around mid-June 2026.
