BlackRock boosts Strive SATA preferred stake by 133%
- —BlackRock holds 236,159 SATA shares through PFF, up 133% since June
- —Strive bought 469 BTC for $36.6 million on September 8-11 at an average price of $77,954
- —Total SATA issued exceeded $1 billion, with about 10.4 million shares outstanding
- —Strive's bitcoin holdings exceeded 25,000 BTC, with NAV amplification of 53.5%
Why it matters: The world's largest asset manager is increasing its position in an instrument that directly funds bitcoin purchases, strengthening institutional demand for BTC.
Source: Crypto Briefing