Strive's Variable Rate Series A Perpetual Preferred Stock (SATA) has maintained its par value for 14 consecutive trading days. This stability allowed the company to raise capital and acquire 95 additional Bitcoin as part of its ongoing treasury strategy.
Each SATA share has a par value of $100 and offers a 13% annualized dividend paid daily, a structure implemented in mid-June 2026. The stock typically trades between $99 and $101, enabling Strive to issue new shares via an at-the-market program without debt.
Strive, listed on Nasdaq as ASST, currently holds 24,531 BTC, valued at approximately $1,96 billion as of early September 2026. A recent purchase of 1,375 BTC for $109 million was funded by SATA proceeds by roughly 70%.
The total outstanding amount of SATA is nearing $1 billion. The company reports zero long-term debt and maintains an 18-month cash buffer for dividend payments, distinguishing its perpetual preferred equity model from traditional convertible debt.
