Strive acquires 440 Bitcoin worth $36M through preferred stock trades

Strive: Strive, Inc. is a publicly traded bitcoin treasury company that focuses on accumulating Bitcoin as its primary reserve asset. It finances these purchases primarily through issuances of its Variable Rate Series A Perpetual Preferred Stock, branded as SATA, which targets trading near a $100 par value and pays daily dividends. In this news, recent trading volume in SATA at the $100 level enabled Strive to acquire hundreds of Bitcoin without relying on common equity or debt. Bitcoin: Bitcoin is the leading cryptocurrency and decentralized digital asset that serves as a store of value and treasury reserve for multiple public companies. Strive has adopted it as the core holding in its corporate treasury, funded through preferred stock proceeds. The reported trading activity directly converts preferred stock sales into additional Bitcoin acquisitions for the company's balance sheet. Financing Strategy: Strive employs perpetual preferred stock issuances to fund Bitcoin purchases while maintaining a debt-free capital structure. Institutional Interest: Major asset managers have increased allocations to Strive's preferred stock as a yield-bearing instrument tied to Bitcoin accumulation.