Strive has turned its Nasdaq-listed Series A Perpetual Preferred Stock, SATA, into a steady Bitcoin acquisition channel, most recently raising enough capital to purchase 220 BTC over an 11-day fundraising streak and pushing its treasury past 23,000 BTC. The firm, which trades under ticker ASST and was co-founded by Vivek Ramaswamy, funds buys by issuing the variable-rate perpetual preferred rather than convertible debt, using a $500 million at-the-market authorization set in December 2025 and converting proceeds straight into Bitcoin without maturity, margin-call or refinancing risk. SATA began paying a variable annualized dividend of about 13% on a daily basis from June 16, 2026, a structure aimed at yield-seeking investors and described as the first U.S.-listed security to distribute cash dividends every business day. Accumulation has accelerated through successive SATA-funded runs of 104 BTC over nine days and 143 BTC over ten days before the latest 220 BTC streak, alongside larger late-August purchases that included 1,800 BTC for about $143 million and an earlier 2,500 BTC buy for roughly $185 million. After those moves Strive reported 23,156 BTC and fifth place among public-company holders, still well behind Twenty One Capital's 43,514 BTC as well as MARA Holdings and Metaplanet. CEO Matt Cole has said finishing 2026 as the No. 2 public holder is possible if warrants struck at $27, SATA trading near par, financing conditions and slower buying by higher-ranked firms align, while the company tracks Bitcoin per share to weigh whether each preferred issuance adds more BTC than it dilutes. The trade-off remains the cost of the roughly 13% preferred dividend if Bitcoin prices stagnate or fall.