Strive, Inc. (NASDAQ: ASST) has raised capital through its Variable Rate Series A Perpetual Preferred Stock (SATA) to acquire 578 Bitcoin. The company achieved this after 16 consecutive trading sessions at par value, with the notional outstanding for SATA reaching approximately $999.5 million across 9,995,425 shares.
Unlike competitors using convertible debt, Strive maintains a debt-free balance sheet. The SATA instrument offers a 13% annualized dividend. To support these obligations, the company holds cash reserves sufficient to cover payments for 18 months, which equates to roughly $130 million per year.
Throughout 2026, Strive has consistently purchased over 400 BTC weekly. In a recent transaction between August 31 and September 4, 2026, the company acquired 1,375 BTC for about $109 million. This purchase increased total holdings from 23,156 to 24,531 BTC.
Funding for the recent 1,375 BTC acquisition was sourced 70% from SATA-related capital, totaling $92.2 million via 921,511 new shares, while the remaining 30% came from operational capital. The company reports zero leverage in its Bitcoin accumulation strategy.
