Strive’s SATA raises enough to buy 143 Bitcoin in 10-day streak

Strive’s SATA raises enough to buy 143 Bitcoin in 10-day streak

The Vivek Ramaswamy-co-founded firm used its novel preferred stock instrument to accumulate Bitcoin without taking on debt or diluting shareholders.

Sep. 2, 2026

Strive, Inc. has found a way to buy Bitcoin at scale while keeping its balance sheet clean. The company, which trades on the Nasdaq under the ticker ASST, used proceeds from its Variable Rate Series A Perpetual Preferred Stock to purchase 143 Bitcoin over a 10-day period, adding to what has become one of the more aggressive corporate accumulation strategies in the public markets.

The preferred stock instrument, listed under the ticker SATA, is the engine behind this buying program. When SATA shares trade at or above their $100 par value, the company issues shares through an at-the-money program and immediately converts that capital into Bitcoin. No debt, no dilution of common shareholders.

The numbers behind the buying streak

The most significant purchase in recent memory came during the week of August 24-28, 2026, when Strive acquired 1,800 BTC for $143 million, averaging roughly $79,431 per coin. Of that total, approximately $80.3 million came directly from the SATA program. That single week of buying lifted Strive’s total Bitcoin treasury to 23,156 BTC, placing the company among the top public corporate holders of the asset globally.

The SATA program itself is authorized up to $500 million. Since the program launched with Strive’s IPO in November 2025, the company has steadily deployed capital in consistent tranches. SATA carries an annualized dividend rate of approximately 13%. In June 2026, Strive made SATA even more distinctive by switching to daily dividend payments, making it the first U.S.-listed security to pay dividends on every business day.

What Strive is actually building

Strive was co-founded by Vivek Ramaswamy, but the company’s operational direction sits firmly with CEO Matt Cole. Cole has publicly framed Bitcoin as a core element of Strive’s capital allocation strategy, not a speculative side bet but a deliberate treasury position. The structure of the SATA program reflects that conviction.

SATA investors get a high-yield, daily-paying instrument with a defined par value. Strive gets non-dilutive capital it can deploy directly into Bitcoin. If the instrument trades below par, the buying stops automatically, because issuing shares below par would be value-destructive.

The debt-free emphasis reflects a deliberate bet that Bitcoin’s volatility