Overview
- Tracker estimates show Strive’s Variable Rate Series A Perpetual Preferred Stock (SATA) acquired roughly 490 BTC in a single trading session on Wednesday, exceeding the Bitcoin network’s average daily issuance of about 450 BTC.
- Strive’s SEC disclosures confirm earlier purchases of 1,109 BTC between May 19 and May 22 and report total holdings of about 16,500 BTC after recent buys.
- Company 8-K data and tracker windows covering May 18–26 show SATA generated roughly $50 million in proceeds and added about 650 BTC to the treasury at an estimated 48% capture rate for that filing period.
- On-tracker trading for the Wednesday session showed about $66.9 million in SATA volume, a 13% stated yield, a $100 per-share issuance floor, and estimated at-the-market proceeds near $35.3 million at a 58% capture rate.
- Strive uses SATA proceeds to buy bitcoin, retire Semler Scientific convertible notes, and repay a Coinbase credit loan while shifting to daily dividend payments and positioning its bitcoin holdings as largely unencumbered, a move that could tighten short-term available supply and merit monitoring for further large absorption events.