Strive's SATA preferred stock generates estimated funding for 1,192 Bitcoin this week

  • Strive's SATA stock generated estimated funding capacity for 1,192 Bitcoin this week.
  • Potential purchasing power reached approximately $93 million to $95 million.
  • Strive held 21,356 BTC after purchasing 1,110 coins the prior week.

Trading in Strive’s Variable Rate Series A Perpetual Preferred Stock, ticker SATA, has generated an estimated funding capacity to purchase about 1,192 Bitcoin this week, according to live monitoring by BitcoinTreasuries.NET as of Aug. 28. The figure measures potential purchasing power from SATA volume at or above its $100 stated value and an estimated capture rate drawn from prior SEC filings; it is not a company-confirmed acquisition, and Strive has not filed an 8-K detailing Bitcoin purchases between Aug. 24 and Aug. 28. At Bitcoin prices of roughly $78,000 to $80,000 during the week, the estimated capacity equates to about $93 million to $95 million, though issuance costs, prices, and the share of eligible volume Strive actually captures can change the final amount. An earlier tracker update put Thursday’s running total at 1,084 BTC after roughly $50 million in daily SATA volume, with Friday trading lifting the estimate to 1,192 BTC. SATA’s return to $100 has reopened Strive’s at-the-market issuance channel after a June slide to as low as $79.01 blocked sales on stated terms. Strive entered the week holding 21,356 BTC after buying 1,110 BTC between Aug. 17 and Aug. 21 for about $81.5 million, ranking seventh among publicly traded corporate Bitcoin holders.

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