Strive’s SATA preferred stock generated enough proceeds to purchase more than 105 Bitcoin during its first 60 minutes of trading, highlighting the pace of the company’s Bitcoin accumulation strategy. The fundraising took place through an at-the-market (ATM) program for Variable Rate Series A Perpetual Preferred Stock, which Strive designed to finance Bitcoin purchases without borrowing or diluting common shareholders. Strive, which trades on NASDAQ under the ticker ASST, authorized up to $500 million of SATA issuance in December 2025. Each share has a $100 par value and pays a variable annualized dividend of roughly 13%. After completing an IPO of 2 million SATA shares in November 2025 that raised approximately $149 million, the company expanded issuance and directed the proceeds toward Bitcoin acquisitions. Strive held approximately 19,000 BTC in June 2026 and more than 21,356 BTC by late August 2026, including a purchase of 1,110 Bitcoin at an average price of roughly $73,409 per coin. During the week of August 24 through 28, SATA proceeds funded approximately 1,192 BTC purchases. The preferred-equity structure avoids debt, margin calls and forced selling, but requires Strive to pay a costly 13% dividend even if Bitcoin prices decline. The $500 million authorization remains available, allowing the company to continue issuing SATA and purchasing Bitcoin at this pace for months.