BlackRock’s iShares Preferred and Income Securities ETF (PFF) increased its stake in Strive Inc.’s Variable Rate Series A Perpetual Preferred Stock (SATA) by 133% since June. The asset manager now holds 236,159 shares of the instrument.
Strive, co-founded by Vivek Ramaswamy, issues these preferred shares to fund Bitcoin acquisitions. The stock offers an annualized variable dividend of approximately 13%, with payouts occurring daily on business days.
As of mid-September 2026, the outstanding notional value of SATA exceeded $1 billion, with roughly 10.4 million shares in circulation. The stock is listed on Nasdaq and targets a trading range of $99 to $101 per share.
Between September 8 and 11, 2026, Strive purchased 469 BTC for approximately $36.6 million, at an average price of $77,954 per coin. The company’s total Bitcoin holdings now exceed 25,000 BTC.
The inclusion of SATA in the PFF index ETF follows the security meeting specific criteria for market capitalization, liquidity, and credit characteristics. Fidelity also holds SATA shares, indicating broader institutional adoption.
