Strive, Inc. has made significant strides by acquiring an additional 190 Bitcoin, enhancing its position in the cryptocurrency market. This latest purchase comes from its innovative Variable Rate Series A Perpetual Preferred Stock, known as SATA, which is traded under the ticker $SATA. With this addition, Strive's total Bitcoin holdings now stand at approximately 16,500 BTC, translating to a treasury valued at over $1.7 billion based on current market prices.
Strive's unique approach avoids traditional debt structures. Rather than issuing convertible notes or diluting existing shareholders through secondary sales, the company has developed SATA, a perpetual preferred stock that features a 13.00% variable dividend rate. Investors purchase SATA shares at a par value around $100, and the funds generated are utilized to acquire Bitcoin. In return, SATA holders benefit from daily cash dividends, ensuring that there is no increase in debt on the balance sheet and no dilution of current equity.
SATA has gained traction in the market, becoming the first US-listed security to deliver daily cash dividends since its payout phase began on June 16, 2026. Notably, the trading volume for SATA has frequently surpassed $39 million, indicating substantial investor interest. The company has shown impressive acquisition capabilities, such as its record purchase of approximately 794 BTC in just one week, financed primarily through SATA revenues. This follows an initial fundraising of $149.3 million through its IPO and subsequent offerings that funded the acquisition of 1,567 BTC in November 2025.
When comparing Strive's strategy to that of MicroStrategy, there is a clear divergence. While MicroStrategy has relied heavily on convertible debt and equity dilution, Strive embraces preferred stock as a viable alternative. This strategic choice has garnered attention from key figures in the industry, showcasing how SATA has influenced market dynamics and captured investor interest.
For investors in SATA, the attractive proposition lies in the 13.00% variable dividend paid daily, supported by a firm committed to Bitcoin accumulation as its primary treasury strategy. As Strive continues to make Bitcoin acquisitions using SATA, common shareholders of ASST see their stakes maintained without dilution.
Investors should remain vigilant regarding SATA's trading volume and overall demand. Maintaining over $39 million in daily transactions signals strong interest; however, it's essential to monitor market conditions. Preferred stock instruments like SATA may lose their appeal if Bitcoin's value falters or if competing investment products emerge with more favorable terms.