Strive, Inc. (NASDAQ: ASST) raised enough capital through its preferred stock offering in a single week to purchase approximately 2,624 Bitcoin, marking the most aggressive stretch of accumulation in the company’s short history.
The firm, which has positioned itself as a Bitcoin-first treasury and asset management company, used proceeds from its Variable Rate Series A Perpetual Preferred Stock, ticker SATA, to fund the purchases. As of late May 2026, Strive’s total Bitcoin holdings stand at roughly 16,500 $BTC, valued at over $1.2 billion.
A week that rewrote the record books
In the week ending May 24, 2026, Strive acquired between 790 and 794 Bitcoin alone. That single week more than doubled its previous weekly purchase record of 371 $BTC.
One particular day during that stretch saw the company scoop up around 250 Bitcoin in a single transaction.
Strive’s total holdings jumped from 15,391 Bitcoin to approximately 16,500 $BTC in a matter of days. The average acquisition cost across the entire portfolio sits somewhere between $99,000 and $102,000 per coin.
How SATA became a Bitcoin acquisition machine
The engine behind all of this is SATA, a yield-bearing preferred stock that Strive designed specifically to fund Bitcoin purchases. Investors buy SATA shares, Strive takes the proceeds, buys Bitcoin, and pays investors a variable-rate dividend. That dividend started at 12% and has since climbed to around 13%.
Strive launched SATA with an IPO in November 2025, raising between $149.3 million and $160 million. Those initial proceeds funded the purchase of 1,567 Bitcoin at an average price of approximately $103,315 each. Since then, the firm has continued to tap the instrument for additional raises, building a treasury that now ranks among the largest corporate Bitcoin holdings in the world.
The company has also pursued inorganic growth, including acquiring Semler Scientific as part of its broader strategy to expand the business while keeping Bitcoin at the center of its capital allocation philosophy.
What this means for investors and the market
Strive’s entire value proposition depends on Bitcoin maintaining or increasing its current price levels. The company’s average cost basis of $99,000 to $102,000 per $BTC means a sustained drop below that range would put pressure on the balance sheet while the firm still owes shareholders a 13% dividend.
For investors watching from the sidelines, the key metric to track is Strive’s Bitcoin-per-share ratio and whether the SATA raises are accretive or dilutive to existing shareholders. Strive’s trajectory from zero to 16,500 $BTC in roughly seven months suggests the model is working.
