Crypto
Strive's Preferred Stock Continues to Fuel Bitcoin Buying Spree
Strive's Variable Rate Series A Perpetual Preferred Stock (SATA) has maintained its value at par for an impressive 14 consecutive days. This consistency has enabled the company to accumulate more capital, which it used to purchase 95 additional Bitcoin.
The SATA stock trades within a narrow range of $99 to $101, closely hugging its par value of $100. When shares trade above par, Strive can issue new shares through its at-the-market (ATM) program, raising fresh capital without taking on debt or diluting common shareholders.
That capital is used solely for buying Bitcoin. As a result, the company's Bitcoin treasury now stands at 24,531 BTC, valued at approximately $1.96 billion as of early September 2026.