Strive raises $117M via SATA preferred stock to buy Bitcoin
- —Aug. 31–Sept. 4: 1,375 BTC bought for $109M, with 70% funded by SATA sales
- —Sept. 8–11: another 469 BTC for $36.6M, fully funded by SATA
- —Total Strive holdings reached 25,000 BTC; first purchase averaged $79,281 per coin
- —SATA's notional value surpassed $1.04 billion
Why it matters: Perpetual preferred stock with no maturity gives Bitcoin treasury companies a new accumulation tool without debt risk.
Source: Crypto Briefing