Strive Adds $109M Bitcoin; SATA Preferred Stock Nears $1B
In brief
- Strive acquired 1,375 Bitcoin last week for $109 million at $79,281 per coin.
- Total Bitcoin holdings reached 24,531 BTC, worth roughly $1.9 billion.
- SATA preferred stock now stands at $999 million notional value with 13% annual dividends.
- Strive ranks fifth among corporate Bitcoin treasuries by holdings.
- Holdings grew 5.9% week-over-week, marking third consecutive week above 5% gains.
Preferred Stock Fuels Growth
Seventy percent of the capital raised came from SATA, Strive's Variable Rate Series A Perpetual Preferred Stock. The instrument pays a fixed dividend of 13% per year to investors. SATA now has $999 million in notional value outstanding—the combined face value of shares sold, not cash sitting in the vault—approaching what CEO Matt Cole called "the billion-dollar wall."
The preferred-stock model lets Strive raise capital without diluting equity holders. Investors get a fixed yield; the firm gets ammunition to accumulate Bitcoin at scale. It's a financing playbook that's working.
Momentum Builds
Holdings rose 5.9% week over week, from 23,156 BTC to 24,531 BTC—the third straight week Strive has posted gains north of 5%. Over the past three weeks, the stack grew 21.1%, from 20,245 BTC to 24,531 BTC. That pace outpaces most corporate treasuries.
Strive went public in September 2025 through a merger with Asset Entities and has since added holdings through acquisition. The firm added roughly 5,048 BTC by acquiring Semler Scientific, a medical device maker that had quietly built its own Bitcoin stack.
Rankings and Context
Strive is now the fifth largest corporate Bitcoin treasury in the world, beating giants like SpaceX, Coinbase, and Trump Media and Technology Group. Twenty One Capital, the Tether-backed firm, holds roughly 43,500 BTC as the second-largest public Bitcoin treasury behind Strategy. Michael Saylor's Strategy pioneered the playbook in 2020; Strive, Twenty One Capital, and dozens of smaller firms have since copied it.
Frequently asked questions
What is SATA and why does it pay 13% annually?
SATA is Strive's Variable Rate Series A Perpetual Preferred Stock, a financing instrument that lets the firm raise capital without diluting equity holders. Investors receive a fixed 13% annual dividend in exchange for funding Strive's Bitcoin purchases. The model lets Strive accumulate BTC at scale while rewarding capital providers.
Why is Strive ranked fifth among corporate Bitcoin treasuries?
Strive holds 24,531 BTC ($1.9 billion), making it the fifth-largest public corporate treasury globally. Only Strategy (Michael Saylor's firm), Twenty One Capital, and two others hold more. Strive has grown rapidly since going public in September 2025 and acquiring Semler Scientific's Bitcoin holdings.
How much has Strive's Bitcoin stack grown recently?
Strive added 1,375 BTC last week for $109 million, marking the third consecutive week of gains exceeding 5%. Over three weeks, holdings grew 21.1%, from 20,245 BTC to 24,531 BTC. This momentum reflects strong capital inflows through SATA preferred stock sales.
