Strive’s SATA sales generate $85.9 M in estimated Bitcoin buying power

Strive’s at‑the‑market (ATM) program for its SATA preferred stock raised an estimated $85.88 million across three trading sessions (Sept 21‑23). BitcoinTreasuries.net’s SATA tracker translates that amount into buying power for roughly 1,002 Bitcoin, based on the average Bitcoin price during each session.

Estimated proceeds by day

• Sept 21: ~284,000 SATA shares sold, net proceeds $27.69 M, enough for ~322 BTC at an average price of $86,001.
• Sept 22: ~370,000 shares sold, net proceeds $36.08 M, enough for ~418 BTC at an average price of $86,266.
• Sept 23: ~226,700 shares sold, net proceeds $22.11 M, enough for ~261 BTC at an average price of $84,556.

How the tracker works

The SATA tracker estimates the number of shares issued when the stock trades at or above its $100 stated value, subtracts commissions, and divides the net proceeds by the session’s average Bitcoin price. The resulting figure reflects potential buying power, not a confirmed purchase.

Recent Bitcoin acquisitions

Strive’s last disclosed treasury balance was 26,355 BTC after buying 1,355 BTC for about $107.7 M (average $79,475) during the week of Sept 14‑18. Earlier September purchases added 1,375 BTC for roughly $109 M and 1,800 BTC in late August.

Relation to Strategy (STRC)

Strive also holds Strategy’s preferred stock (STRC). Strategy reported buying 950 BTC for $75.7 M (average $79,670) in the week ended Sept 20, while repurchasing $174 M of its STRC preferred shares. Strategy’s cash fell from about $1.30 B to $1.05 B during that week.

What to watch

The next SEC filing from Strive will confirm whether any Bitcoin was purchased with the estimated SATA proceeds and will update the counts of outstanding SATA shares, cash, and Bitcoin holdings.