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Strive buys 790 Bitcoin in a week after raising capital via SATA preferred stock

Protocol Fundamentals
22 May 2026
Crypto Briefing
View Source
Bullish
pluang ai news

Strive, a Bitcoin treasury firm listed on NASDAQ as ASST, raised capital through its SATA preferred stock to purchase 790 Bitcoin in one week, including about 250 Bitcoin in a single day. This purchase more than doubles its previous weekly record of 371 Bitcoin. SATA is a perpetual preferred stock that pays a 13% dividend and funds Bitcoin acquisitions directly from its proceeds. Strive now holds over 15,000 Bitcoin and has structured its reserves to cover SATA dividends for 20 years, benefiting common shareholders by increasing net asset value without dilution. However, risks remain if Bitcoin prices fall, as dividend payments must be maintained.

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