Walton said that pace through Strive’s SATA preferred stock program could support up to $15.5 billion in issuance and fund purchases of roughly 175,000 BTC at current prices.
Strive is raising capital at a pace of $8.1 million per day, according to chief risk officer Jeff Walton, who said sustaining that rate through the company’s SATA preferred stock program could support up to $15.5 billion in preferred stock issuance and fund purchases of about 175,000 additional Bitcoin at current market prices. Walton made the comments on June 3 as Strive continued a rapid buying streak that lifted its Bitcoin treasury to 19,000 BTC after acquiring 2,500 coins between May 23 and June 1 for roughly $185.2 million, at an average cost of about $74,092 per coin. Walton said the latest buying week was the largest non-IPO single-week purchase in company history. Strive ranks as the seventh-largest public corporate Bitcoin holder, ahead of Coinbase and Riot Platforms, according to BitcoinTreasuries.net. Walton also defended Strategy’s recent sale of 32 BTC to help cover preferred stock dividends, arguing the move improved liquidity even as critics questioned the transaction. His projection for Strive’s potential Bitcoin purchases depends on sustaining the current fundraising pace, deploying all proceeds into Bitcoin and completing regulatory steps tied to expanding at-the-market programs.