Strive Raises $55M via SATA Stock for 638 Bitcoin Purchase
Image: Bitcoin.com NewsStrive generated an estimated $55 million this week from its SATA preferred stock program, enough to buy roughly 638 BTC at bitcoin's near-$82,800 Friday price. SATA traded $317 million in total weekly volume but spent three sessions below its $100 par value, pausing new issuance during that period. The program mirrors Michael Saylor's Strategy preferred stock model, and Strive's total bitcoin treasury now sits at 29,462 BTC.
Key points
- Strive raised an estimated $55 million this week via its SATA preferred stock program.
- The funds are sufficient to purchase roughly 638 BTC at near-$82,800 per bitcoin.
- New SATA issuance pauses automatically when the stock trades below its par value.
Why it matters
The SATA program links Strive's bitcoin treasury growth to preferred stock investor demand, with issuance pausing when the stock trades below par. Strive's model mirrors the capital structure used by Strategy for its own bitcoin purchases.
What's unclear
Exact bitcoin quantity purchased with this week's SATA proceeds is pending 8-K filing confirmation
Whether Strive resumed SATA issuance after the stock recovered above $100 is unconfirmed
Price context · BTC
At publication
$82,790.00
Now
$82,741.00
Change since
−0.06%
7 days · dashed line = publication
Sources · 2 publishers
Blockonomi
Tier 3
Strive Bitcoin Has Enough for 638 BTC Through SATA Stock Sales
Coverage timeline
- First reported by Bitcoin.com News
- Confirmed by Blockonomi
- CryptoVideos brief published
How this brief was made. Our system found this event in 2 independent publications, summarised two complete reports with AI and checked every number above against the source text. Sources are linked in full. Not financial advice. Report an error
