Strive’s SATA vehicle has been buying Bitcoin through preferred stock financing, an approach identified in an August 31, 2026 SEC (U.S. securities regulator) filing. The filing confirms the financing route but does not state the Bitcoin acquired, capital raised, preferred dividend or conversion terms, average purchase price, or daily execution details. Strive’s treasury update describes nine consecutive days of accumulation, while a secondary tracker estimated that SATA bought 440 BTC and returned to par; neither figure is confirmed by the filing. The development marks a potential shift from Strive’s earlier equity-funded Bitcoin purchases, including a $500 million stock offering earmarked for Bitcoin and an $81.5 million purchase after issuing more shares. Earlier disclosures said Strive added 2,500 BTC, taking its holdings toward roughly 19,000 BTC. Follow-up or amended SEC disclosures and further treasury updates will show the size and durability of the preferred-financing program.