Strive adds 1,375 BTC to reserves as its SATA perpetual preferred stock approaches $1 billion in total raised.
Ecosystem ·
Strive has added 1,375 BTC to its reserves as its SATA perpetual preferred stock nears $1 billion in total capital raised, according to reporting from The Block. Strive's CEO noted that 70% of capital raised during the week came through sales of the SATA instrument.
SATA is a perpetual preferred stock offering that has become a primary vehicle for Strive to accumulate bitcoin. The structure allows the firm to raise capital while building its reserve position, with the majority of recent weekly inflows directed into bitcoin purchases.
The milestone underscores sustained investor appetite for Strive's preferred equity product and reflects the broader pattern of institutional accumulation of bitcoin reserves. The specific weekly composition of inflows and whether the $1 billion threshold has been crossed remain details to be confirmed.