Strive, a firm dedicated to Bitcoin investment and traded on the Nasdaq under the ticker ASST, recently achieved a remarkable milestone by raising significant capital through its Variable Rate Series A Perpetual Preferred Stock, known as SATA. This enabled the acquisition of around 2,624 Bitcoin in just one week.
To understand the magnitude of this acquisition, it’s important to consider that this amount surpasses the company’s former weekly high, which was approximately 371 BTC. In May 2026 alone, Strive managed to acquire nearly 794 BTC in one week, more than doubling its previous acquisition record.
The daily purchasing activity became even more impressive, peaking at around 490 BTC per day during this period. This figure is noteworthy, particularly because the general daily issuance of Bitcoin from mining operations is only about 450 BTC, suggesting that Strive was acquiring more Bitcoin per day than miners were able to produce. Consequently, the company’s total Bitcoin holdings ballooned to about 16,500 BTC by late May 2026, a significant increase from approximately 15,391 BTC prior to these acquisitions.
#What is the SATA Financing Strategy?
So, how does the financing mechanism work for Strive’s preferred stock, SATA? The SATA preferred shares come with a variable dividend of 13%, a rate that was increased in April 2026. The shares are designed to retain a trading range between $99 and $101, allowing them to function more like a fixed income product rather than a conventional equity position. The IPO for SATA, launched in November 2025, raised between $149 and $160 million, with initial shares priced at $80, which helped fund the acquisition of 1,567 BTC at an average price of approximately $103,315 each.
Strive has reserves sufficient to support between 19 and 20 years of dividend payments for its SATA preferred shares. Additionally, in March 2026, the company allocated $50 million to Strategy’s STRC preferred stock, indicating that Strive’s capital deployment strategy not only focuses on Bitcoin purchases but also includes investments in related financial instruments within the cryptocurrency ecosystem.