Strive Asset Management purchased 1,110 Bitcoin for $81.5 million, bringing its total holdings to over 21,000 BTC. SATA shares surged 11% to close at $100.01, returning to the target range of $99 to $101 after falling to $83.30 in late June. Strive launched SATA in November 2025 with an initial sale of 2 million shares at $80 each, raising $160 million in gross proceeds. This variable-rate perpetual preferred stock pays an annualized dividend of 13% and is similar to STRC issued by Strategy, the world’s largest corporate Bitcoin holder, which reported no Bitcoin purchases for the week ended August 23.
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