Strive Raises $500M+ in SATA Proceeds to Accumulate Over 100 Bitcoins

Strive, which trades on NASDAQ under ticker ASST, has successfully raised capital through its at-the-market (ATM) program for Variable Rate Series A Perpetual Preferred Stock. This instrument allows the company to fund Bitcoin purchases without taking on debt or diluting common shareholders.

In the first hour of trading, Strive's preferred stock ticker $SATA generated enough proceeds to purchase over 105 Bitcoin. This pace is becoming routine for a company that has turned perpetual preferred equity into a Bitcoin accumulation machine.

Strive authorized an ATM program in December 2025, allowing up to $500 million in SATA issuances. Each share carries a par value of $100 and pays a variable annualized dividend of roughly 13%.