Strive raises capital to acquire 400 Bitcoin this week through preferred stock offering

Strive, Inc. is adding another 400 Bitcoin to its growing pile. The company, which trades on NASDAQ under the ticker ASST, announced it has raised the necessary capital through its Variable Rate Series A Perpetual Preferred Stock, known by its own ticker: SATA.

The SATA machine keeps humming

SATA launched in November 2025 with an oversubscribed IPO that generated roughly $149 million to $160 million in initial capital. The preferred stock carries a $100 par value, and whenever it trades above that level, Strive can tap at-the-market offerings to raise fresh equity without the friction of a traditional capital raise.

The structure pays holders a daily dividend at an annualized rate of approximately 13%.

From low thousands to nearly 20,000 BTC

In late 2025, the company held Bitcoin in the low thousands. By mid-August 2026, that figure has ballooned to somewhere between 19,000 and 20,000 BTC.

Some of the more notable purchases along the way include a stretch from May 23 to June 1, 2026, when Strive scooped up around 2,500 BTC at an average price of $74,092 per coin. That single buying window represented well over $185 million in Bitcoin acquisitions.

Then in June 2026, another 759 BTC joined the treasury. Now this week’s 400 BTC purchase adds to that total.

Strive manages assets exceeding $2 billion to $2.5 billion as a registered asset manager.

The corporate Bitcoin treasury playbook evolves

Rather than issuing convertible notes or taking on debt, the company created a preferred equity instrument that essentially aligns shareholder incentives with Bitcoin buying. Holders get their 13% yield. Strive gets a flexible, repeatable source of capital.

On peak acquisition days, Strive’s purchases have reportedly surpassed the amount of new Bitcoin being produced by miners. The entire Bitcoin mining industry produces roughly 450 BTC per day at current block reward levels.

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