Strive's Perpetual Preferred Stock Buys Over 1,400 Bitcoin Without Debt

Strive Inc.'s preferred stock, SATA, has proven to be a lucrative way for the company to accumulate Bitcoin without taking on debt or diluting shareholders. The instrument's at-the-market program issues new shares whenever they trade above their $100 par value, capturing proceeds that go directly into Bitcoin purchases.

Between August 31 and September 4, Strive purchased 1,375 BTC for approximately $109 million, with about 70% of the capital coming from SATA share sales. This brought the company's total holdings to 24,531 BTC.

In a second transaction between September 8 and 11, Strive bought another 469 BTC for $36.6 million entirely funded by SATA. The company now holds exactly 25,000 BTC in its treasury.