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Strive raised $55M via SATA stock to buy 638 BTC, but issuance depends on SATA trading above $100 par value.

Market News
10 Oct 2026
Blockonomi
View Source
Bullish
Strive raised $55M via SATA stock to buy 638 BTC, but issuance depends on SATA trading above $100 par value.

Strive generated an estimated $55 million in Bitcoin funding during the week of October 5 through its SATA preferred stock program, enough to purchase about 638 BTC at recent prices near $82,800. However, the issuance of new shares and thus funding depends on SATA trading at or above its $100 par value, which it did only briefly before falling below par and slowing issuance. Strive held 29,462 BTC as of October 2 after recent purchases, with a quarter-to-date Bitcoin yield of 18.5%. The company’s Bitcoin buying is linked closely to market demand for SATA shares, and future filings will clarify how much cash was raised and Bitcoin acquired. Meanwhile, Strategy increased its Bitcoin holdings by buying 334 BTC funded through common stock without selling shares. This shows how both companies use equity financing to accumulate Bitcoin, but market price constraints affect funding pace.

Strive Bitcoin funding through SATA stock sales is the subject, with Pluang market data as of Oct 10, 2026 18:51 WIB. For readers following major cryptocurrencies, 35 of 50 priced assets rose and 13 fell today on Pluang. Notable movers include FIL (Filecoin) at Rp20.081 with a 1-day change of +4.23%, SNX (Synthetix) at Rp4.354 with +4.21%, and THETA (Theta Network) at Rp4.044 with +3.75%.

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