Strive's SATA preferred stock has generated an estimated amount of funding sufficient to purchase 1,192 Bitcoin this week, according to live market monitoring.
Key Takeaways
SATA generated estimated funding capacity for 1,192 BTC through Friday
Strive held 21,356 BTC after purchasing 1,110 coins during the previous week
SATA's return to $100 has allowed Strive to resume issuing preferred shares
The tracker's figure represents potential purchasing power, not a confirmed acquisition
SATA Reopens Strive's Bitcoin Funding Channel
BitcoinTreasuries.NET estimated on Aug. 28 that trading in Strive's Variable Rate Series A Perpetual Preferred Stock, known by its ticker SATA, had generated enough funds to purchase about 1,192 BTC during the week. Within the first two hours of trading on Friday, the tracker estimated that SATA had added funding capacity for more than 100 BTC.
The tracker calculates the figure using SATA volume at or above its $100 stated value and an estimated capture rate based on Strive's previous SEC filings. At Bitcoin prices of roughly $78,000 to $80,000 during the week, the estimated purchasing capacity would amount to approximately $93 million to $95 million. This connects to the broader corporate Bitcoin treasury landscape covered in Strategy's Bitcoin sales pause and Cardone Capital's BTC acquisition.
The $100 SATA Price Has Allowed Issuance to Resume
SATA carries a stated value of $100 and pays a variable annual dividend based on that amount. Strive currently maintains the annualized rate at 13%, with payments made every business day. Strive has said it will not issue new SATA shares below $100 because doing so would raise less than the security's stated amount and dilute existing preferred holders. Trading at or above par allows the company to sell new shares through its at-the-market offering program.
During a June sell-off in Bitcoin-linked securities, SATA fell as low as $79.01, preventing Strive from using the preferred-stock ATM program for several weeks. By Aug. 21, SATA had returned to $100.01, reopening the issuance channel. The tracker estimated that the program generated enough capital to purchase about 440 BTC over Aug. 20 and Aug. 21 alone. This connects to the Hyperliquid Strategies doubling HYPE holdings and broader treasury strategies.
Strive Entered the Week Holding 21,356 BTC
A Form 8-K filed with the SEC on Aug. 24 showed that Strive purchased 1,110 BTC between Aug. 17 and Aug. 21 for about $81.5 million, paying an average of approximately $73,409 per coin. The purchases increased Strive's holdings from 20,246 BTC to 21,356 BTC. BitcoinTreasuries.NET ranked the company as the seventh-largest publicly traded corporate Bitcoin holder, behind Bullish with 22,000 BTC and ahead of SpaceX with 18,712 BTC.
Strive has expanded its Bitcoin holdings rapidly since SATA began trading. The company held 7,525 BTC in November 2025, meaning its disclosed balance had increased by 13,831 BTC, or about 184%, by Aug. 21. In June, Strive made another large purchase when it acquired 759 BTC for about $50 million at an average price of $65,850, exceeding Strategy's purchase of 520 BTC during the same reporting period.
U.S. Investors Face Separate SATA and ASST Risks
For U.S. investors, SATA and ASST provide two different forms of exposure to Strive's Bitcoin strategy through Nasdaq-listed securities. SATA holders receive preferred dividends when declared, while ASST holders own the company's common equity. Strive launched SATA on Nasdaq in November 2025 through an upsized IPO of two million shares priced at $80 each. In June, Strive expanded its available ATM capacity to as much as $2.6 billion for SATA and $2.55 billion for ASST common stock.
