Strive’s SATA preferred stock raises capital to acquire 111 Bitcoin during trading hours
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.
The accumulation trajectory
Strive’s Bitcoin holdings have grown substantially. The company held approximately 13,311 BTC in March 2026, grew that to around 16,500 BTC by May, and now sits on more than 19,105 Bitcoin as of mid-June 2026.
The foundation was laid during the company’s IPO in November 2025, which raised approximately $149.3 million. That initial haul went toward acquiring 1,567 BTC at an average price of around $103,315 per coin.
What this means for investors
The bull case for SATA is straightforward. You get a 13% dividend yield from a preferred stock while gaining indirect exposure to Bitcoin’s upside through Strive’s balance sheet.
The bear case is equally straightforward. Bitcoin drops 30%, and suddenly Strive is sitting on a significantly impaired treasury while still owing 13% annual dividends to preferred shareholders. Preferred dividends are obligations. Bitcoin price appreciation is not guaranteed.
The 12% to 13% dividend rate increase since launch is worth watching carefully. Rising yields can signal confidence, or they can signal that a company needs to sweeten the deal to keep attracting capital.
Strive’s entire value proposition rests on a single asset. There is no diversification, no hedge, no revenue stream from operations that could cushion a prolonged Bitcoin downturn. The 13% dividend yield exists because that risk is real. Investors collecting that yield should understand they’re being paid to bear it.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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