Strive Targets 500 Bitcoin Purchase this Week via Preferred Stock Sales
Nasdaq-listed Strive Inc., co-founded by Vivek Ramaswamy, is planning to acquire 500 Bitcoin this week. The purchase will be funded through sales of its Variable Rate Series A Perpetual Preferred Stock, known as SATA, which trades near its $100 par value and pays a 13% annual dividend.
Strive's aggressive corporate Bitcoin accumulation campaign has built its treasury almost entirely through the SATA preferred stock. This financial instrument allows investors to buy shares at $100 a pop, collect a 13% annual yield paid out daily, and Strive takes the proceeds and converts them into Bitcoin.
The company has amassed over 24,000 BTC in roughly one year, with 70% of the capital deployed for Bitcoin purchases coming from SATA preferred stock sales. The notional outstanding value of SATA reached approximately $999 million as of early September 2026.