Strive expands SATA funding as BlackRock more than doubles stake

  • Strive is using SATA preferred-stock sales priced at $100 to fund projected purchases of 377 Bitcoin by Thursday.
  • BlackRock’s PFF reportedly increased its SATA position by 133% since June to 236,159 shares, while an earlier report listed 476,974 shares worth about $47.7 million.
  • Strive raised enough week-to-date funding to buy more than 300 BTC and separately purchased 469 BTC for approximately $36.6 million, funded entirely through SATA proceeds.

Strive is expanding its SATA preferred-stock financing to fund Bitcoin purchases, with a newer post projecting 377 BTC bought by Thursday through $100-per-share sales and describing the company as a $2.7 billion entity. Separately, BlackRock’s iShares Preferred and Income Securities ETF increased its SATA position by 133% since June, according to the newer account, although reported share counts conflict. Strive said it raised enough week-to-date funding to purchase more than 300 BTC and separately bought 469 BTC for approximately $36.6 million between Sept. 8 and Sept. 11, bringing its holdings above 25,000 BTC.

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