Strive May Have Raised Funds To Acquire 1,192 BTC Via SATA Perpetual Preferred Stock

Strive (ASST) may have raised funds to purchase 1,192 Bitcoin this week through the issuance of its perpetual preferred stock, SATA, according to an analysis by Bitcoin Treasuries. The move signals a renewed capacity for the asset manager to expand its digital asset treasury amid a recovering share price.

How SATA Facilitates Bitcoin Purchases

SATA is a perpetual preferred stock issued by Strive, designed to provide the company with a flexible fundraising mechanism. Crucially, SATA can issue new shares to fund Bitcoin acquisitions only when the stock trades above its $100 par value. After falling to a low of $79 in June, the share price regained the $100 threshold on Aug. 21, restoring the company’s ability to raise capital through this channel.

This mechanism allows Strive to tap equity markets without diluting common shareholders in a traditional sense, while directly supporting its Bitcoin treasury strategy. The timing aligns with a broader trend of corporate treasuries adding Bitcoin as a reserve asset.

Market Context and Implications

The potential purchase of 1,192 BTC would add to Strive’s existing holdings, reinforcing its position among corporate Bitcoin holders. Bitcoin Treasuries’ analysis suggests the fundraising was executed this week, though the exact timing and confirmation remain subject to official disclosures.