Strive, a Bitcoin treasury and asset management firm listed on NASDAQ as ASST, has achieved its largest weekly Bitcoin acquisition, purchasing 790 Bitcoin through its Variable Rate Series A Perpetual Preferred Stock (SATA). This purchase more than doubles its previous weekly record of 371 Bitcoin set earlier in May 2026. The firm acquired approximately 250 Bitcoin in a single day during this period.
SATA, a perpetual preferred stock, channels its net proceeds directly into Bitcoin purchases, offering a 13% dividend rate to maintain strong demand. Initially launched with a $149.3 million IPO in November 2025, SATA has since facilitated the acquisition of over 1,567 Bitcoin. Strive's balance sheet now holds over 15,000 Bitcoin, with reserves structured to cover SATA's dividend obligations for 20 years. The firm's strategy highlights the growing institutional interest in yield-bearing, Bitcoin-backed financial instruments.
Strive Acquires 790 Bitcoin in Record Weekly Purchase via SATA Stock
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