Strive Acquires 578 Bitcoin through Innovative Preferred Stock Instrument
Strive Inc., a NASDAQ-listed company, has successfully raised capital through its Variable Rate Series A Perpetual Preferred Stock (SATA) instrument to purchase 578 Bitcoin. This is the latest in a series of large Bitcoin acquisitions executed by Strive throughout 2026.
The SATA instrument allows Strive to issue new shares without diluting at a discount, effectively turning the ATM into a steady capital pipeline. The company has maintained a debt-free balance sheet throughout this entire accumulation campaign and holds enough cash reserves to cover dividend payments for 18 months.
In its most recent disclosed transaction, Strive purchased 1,375 BTC for approximately $109 million between August 31 and September 4, 2026. The company has consistently executed purchases exceeding 400 BTC on a weekly basis during 2026.