Strive raises $85.88 million and buys an estimated 1,001.67 Bitcoin

  • Strive raised $85.88 million through three SATA sessions and was estimated to buy 1,001.67 BTC.
  • The estimated purchases represented about 74% of average daily Bitcoin mining output.
  • Strategy added 950 BTC during September 14-20 despite stalled STRC fundraising, while Strive's SATA traded near $100 with a 13% daily-distributed yield.

Strive raised $85.88 million through three SATA sessions from September 21 to 23, with BitcoinTreasuries.net estimating that the proceeds funded purchases of 1,001.67 BTC. The SATA preferred stock traded near $100 and paid a 13% yield distributed daily, while the estimated purchases equaled about 74% of average daily Bitcoin mining output. Strive's fundraising pace exceeded Strategy's preferred-stock financing, although Strategy continued buying Bitcoin through other funding and liquidity options.

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