Strive buys 2,624 Bitcoin in record week as SATA program accelerates

Strive Inc. raised capital to buy 2,624 Bitcoin in the week ending May 24, shattering its own record as its preferred stock program fueled the most aggressive accumulation in the company's history.

"SATA was designed specifically to fund Bitcoin purchases at scale, and this week's activity shows the model working as intended," a company representative said, referring to the Variable Rate Series A Perpetual Preferred Stock that pays a 13% dividend.

The firm's total holdings jumped from 15,391 BTC to approximately 16,500 BTC, valued at over $1.2 billion. One day during that stretch saw roughly 250 Bitcoin acquired in a single transaction. The average cost across the portfolio sits between $99,000 and $102,000 per coin, according to SEC filings.

Strive's ability to sustain this pace depends on SATA shares trading above the $100 par floor set by the board. A sustained drop in Bitcoin below the company's average cost basis would pressure the balance sheet while the firm still owes shareholders a 13% annual dividend.

SATA Absorbs More Bitcoin Than Daily Mining Supply

On Wednesday alone, the SATA program bought an estimated 490 Bitcoin, surpassing the network's average daily issuance of roughly 450 BTC, according to the Bitcoin for Corporations SATA Tracker dashboard. The session saw about $66.9 million in total SATA volume, with 95 percent of volume above the $100 par level. At a 58 percent capture rate, at-the-market proceeds reached approximately $35.3 million while Bitcoin traded near $74,956.

A separate SEC filing confirmed that Strive purchased 1,109 Bitcoin between May 19 and May 22 at an average price of about $76,989 per coin. For the filing window covering May 18 to May 26, SATA produced $50 million in total proceeds and added roughly 650 Bitcoin to the treasury at a 48 percent capture rate.

How SATA Became a Bitcoin Acquisition Machine

Strive launched SATA in November 2025 with an initial public offering that raised between $149.3 million and $160 million, funding the purchase of 1,567 Bitcoin at an average price of approximately $103,315 each. The preferred stock pays cash dividends on each business day at a stated annual rate of 13 percent, with frequent distributions allowing the dividend structure to compound.

Rather than relying on traditional debt, Strive uses preferred equity to raise long-duration capital. The company has said this structure supports its Bitcoin treasury strategy while reducing pressure tied to conventional loan maturities. Proceeds from SATA offerings are used for Bitcoin purchases, the retirement of convertible notes connected to its Semler Scientific acquisition, and repayment of a Coinbase Credit loan.

The key metric for investors is Strive's Bitcoin-per-share ratio and whether the SATA raises are accretive or dilutive to existing shareholders. The company's trajectory from zero to 16,500 BTC in roughly seven months suggests the model is working, though the strategy remains a leveraged bet on Bitcoin appreciation rather than a fundamental asset management business.

This article is for informational purposes only and does not constitute investment advice.