Strive Resumes Bitcoin Purchases Through Preferred Stock SATA
Asset management firm Strive has resumed buying Bitcoin through its preferred stock SATA after a two-month pause. According to BitcoinTreasuries, Strive acquired 31 BTC, signaling a renewed commitment to its bitcoin treasury strategy.
The firm first introduced SATA as part of its push to integrate digital assets into traditional finance. The pause in purchases had sparked speculation about whether the firm was reconsidering its crypto strategy or facing liquidity constraints.
The resumption indicates that the hiatus was likely a tactical decision rather than a change in long-term direction. This move comes at a time when institutional interest in Bitcoin remains strong, with several publicly traded companies maintaining substantial crypto holdings.