Strive's SATA Funds Estimated 1,192 BTC Purchases

Strive's Variable Rate Series A Perpetual Preferred Stock (SATA) has generated enough funds to potentially purchase up to 1,192 BTC this week, according to BitcoinTreasuries.NET. This estimate is based on live market monitoring and takes into account SATA's daily trading volume, which reached $50 million on Thursday.

The estimated purchasing capacity would amount to approximately $93 million to $95 million at current Bitcoin prices of around $78,000 to $80,000. However, this figure may change due to factors such as issuance expenses and the portion of eligible SATA volume captured by Strive.

Strive's SATA preferred stock has a stated value of $100 and pays a variable annual dividend based on that amount, currently set at 13%. The company's ability to issue new shares through its ATM program depends on trading above par, which allows it to direct net proceeds toward Bitcoin or other permitted corporate uses.