Strive, Inc., a Nasdaq-listed company with ticker ASST, has raised sufficient capital through its variable rate Series A perpetual preferred stock vehicle SATA to purchase 191 Bitcoin, hitting its highest three-day run-rate since May 2026. The company authorized a $500 million at-the-market (ATM) program in December 2025 specifically to fund Bitcoin acquisitions. SATA carries a $100 par value with a 13% annualized dividend paid daily on business days. Strive previously raised $149.3 million through an oversubscribed SATA IPO in November 2025, using that capital to acquire approximately 2,500 Bitcoin in late May and early June 2026. This preferred equity approach allows the company to accumulate Bitcoin without facing debt maturity obligations, unlike traditional convertible note strategies.
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