Strive, the Bitcoin-focused asset management firm trading on the Nasdaq under ticker ASST, just had the kind of week that makes corporate treasury departments sit up straight. The company raised enough capital through its Variable Rate Series A Perpetual Preferred Stock, known by ticker SATA, to purchase approximately 2,624 Bitcoin in a single week.

To put that in context, that figure dwarfs the company’s previous weekly acquisition record of roughly 371 BTC.

Inside the numbers

During a single week in May 2026, the company acquired between 790 and 794 BTC, more than doubling its prior weekly high.

Daily purchase volumes hit even more eye-catching levels, reaching approximately 490 BTC at their peak. That figure is notable because Bitcoin’s typical daily issuance, the amount of new BTC created through mining, sits at around 450 BTC per day.

In other words, Strive was briefly buying more Bitcoin per day than miners were producing.

The company’s total Bitcoin holdings now stand at roughly 16,500 BTC as of late May 2026, up from approximately 15,391 BTC before the latest acquisitions added 1,109 BTC to the pile.

How the SATA financing engine works

The SATA preferred stock carries a 13% variable dividend, which was hiked in April 2026. It’s designed to trade within a tight range of $99 to $101, making it behave more like a high-yield fixed income product than a volatile equity position.

The IPO for SATA launched in November 2025, raising approximately $149 to $160 million at $80 per share. Those initial proceeds funded the purchase of 1,567 BTC at an average price of roughly $103,315 per coin.

The company maintains reserves that can cover approximately 19 to 20 years of dividend payments.

In March 2026, Strive also allocated $50 million to Strategy’s STRC preferred stock, signaling that its capital deployment strategy extends beyond direct Bitcoin purchases into related financial instruments within the Bitcoin ecosystem.