Strive’s SATA may fund 1,192 BTC purchases this week

Strive’s SATA preferred stock has generated an estimated amount of funding sufficient to purchase 1,192 Bitcoin this week, according to live market monitoring. Summary SATA has generated an estimated funding capacity for 1,192 BTC through Friday. The tracker’s figure represents potential purchasing power, not a confirmed Bitcoin acquisition. Strive held 21,356 BTC after purchasing 1,110 coins during the previous week. SATA’s return to $100 has allowed Strive to resume issuing preferred shares. SATA has reopened Strive’s Bitcoin funding channel BitcoinTreasuries.NET estimated on Aug. 28 that trading in Strive’s Variable Rate Series A Perpetual Preferred Stock, known by its ticker SATA, had generated enough funds to purchase about 1,192 BTC during the week. The running figure continued to rise after the U.S. market opened on Friday. Within the first two hours of trading, the tracker estimated that SATA had added funding capacity for more than 100 BTC. BitcoinTreasuries.NET calculates the figure using SATA volume at or above its $100 stated value and an estimated capture rate based on Strive’s previous filings with the U.S. Securities and Exchange Commission. The model attempts to est...