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      Strive's Preferred Stock Fuels $117 Million Bitcoin Acquisition

      Strive, Inc., an asset management firm, has successfully utilized its Variable Rate Series A Perpetual Preferred Stock, known as SATA, to acquire approximately 1,400 Bitcoin valued at around $117 million without incurring debt or diluting shareholder equity. This innovative financial instrument, launched in November 2025, has gained traction in public markets, allowing Strive to fund its Bitcoin purchases through share sales.

      In a series of transactions between late August and early September 2026, Strive purchased 1,375 Bitcoin for about $109 million, with 70% of the funding sourced from SATA share sales. Following this, the company acquired an additional 469 Bitcoin for $36.6 million, bringing its total Bitcoin holdings to 25,000. The recent trading activity has pushed the notional value of SATA past $1.04 billion, reflecting its rapid growth since its inception less than a year ago.

      SATA operates with a par value of $100 and offers a variable annualized dividend of approximately 13%. The preferred stock does not have a maturity date, which alleviates the risks associated with debt repayment. Strive's CEO, Matt Cole, has emphasized the company's unique approach to Bitcoin accumulation, contrasting it with strategies employed by other firms like MicroStrategy that rely on convertible debt. The high trading volumes observed in September 2026 indicate that SATA can effectively support significant capital influxes, enhancing Strive's purchasing power in the Bitcoin market.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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