Asset management firm Strive, co-founded by Vivek Ramaswamy, has raised capital through its preferred stock program to acquire 220 Bitcoin in just 11 consecutive days. The company, listed on NASDAQ under ticker ASST, uses its perpetual preferred stock SATA, authorized at $500 million in December 2025, to fund purchases without taking on debt. This preferred stock pays an annual variable dividend of approximately 13%, distributed daily, a first for any US-listed security. In August 2026, Strive made massive buys including 1,800 Bitcoin for $143 million in a single week and 2,500 Bitcoin for $185 million. The firm’s Bitcoin treasury now exceeds 23,000 Bitcoin, up from approximately 7,500 at the end of 2025.
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