Crypto
Strive Targets 500 More Bitcoin with Preferred Stock Sales
Strive Inc., a Nasdaq-listed firm co-founded by Vivek Ramaswamy, is planning to acquire 500 Bitcoin this week through sales of its Variable Rate Series A Perpetual Preferred Stock (SATA).
The company has built its Bitcoin war chest almost entirely through SATA preferred stock sales, which trade near their $100 par value and pay a 13% annual dividend distributed daily on business days.
Strive's total Bitcoin holdings stood at 24,531 BTC as of September 8, 2026. The company has managed to amass this amount in roughly one year through a disciplined weekly buying program.