Strive raises funds to acquire 190 Bitcoin through its SATA preferred stock offering

Strive, Inc. just added another 190 Bitcoin to its growing war chest, funded through its Variable Rate Series A Perpetual Preferred Stock, ticker $SATA.

The company, which trades on the NASDAQ under the ticker ASST, now holds roughly 16,500 BTC. That’s a treasury worth north of $1.7B at current prices, built largely without traditional debt.

How SATA works as a Bitcoin buying engine

Instead of issuing convertible notes or diluting common shareholders through secondary offerings, Strive created SATA, a perpetual preferred stock with a 13.00% variable dividend rate. Investors buy SATA shares at around $100 par value, Strive takes that cash and buys Bitcoin, and SATA holders get paid daily cash dividends. No new debt on the balance sheet. No dilution of existing common equity.

SATA became the first US-listed security to offer daily cash dividends when its payout phase launched on June 16, 2026. SATA’s daily trading volumes have consistently exceeded $39 million.