Strive reportedly targets 500 Bitcoin purchase this week funded by preferred stock sales

Strive Inc., the Nasdaq-listed firm co-founded by Vivek Ramaswamy, is planning to acquire 500 Bitcoin this week, funded through sales of its Variable Rate Series A Perpetual Preferred Stock, known by its ticker SATA. The purchase would add to what has already become one of the most aggressive corporate Bitcoin accumulation campaigns on public markets. The company has built its Bitcoin war chest almost entirely through a financial instrument most retail investors have never heard of: a preferred stock that trades near its $100 par value and pays a 13% annual dividend, distributed daily on business days. How Strive built a 24,000 BTC treasury in about a year As of September 8, 2026, Strive’s total Bitcoin holdings stood at 24,531 BTC. The company’s most recent disclosed purchase added 1,375 BTC for approximately $109 million, working out to an average price of roughly $79,281 per coin. Strive managed to amass over 24,000 BTC in roughly one year. A significant chunk of that total, around 5,000 BTC, came through Strive’s merger with Semler Scientific, but the rest has been ground out through a disciplined weekly buying program. Roughly 70% of the capital deployed for Bitcoin purchases ...