Strive (ASST) Stock: SATA Preferred Nears $1 Billion as Strategy’s STRC Lags

TLDR

• Strive bought 1,375 BTC for $109 million, bringing total holdings to 24,531 BTC worth around $1.96 billion.
• SATA, Strive’s preferred stock, is approaching $1 billion in market cap, trading at its $100 par value.
• SATA’s 13% annualised dividend helped it account for 70% of capital raised last week.
• ASST stock has more than doubled in the past month and is up 56% year-to-date, though still 90% below its record high.
• Strategy’s STRC preferred stock continues to trade below par at around $98, while MSTR remains down 12% this year.

Strive has been on a buying spree. The Bitcoin treasury firm picked up another 1,375 BTC last week at an average price of $79,281 per coin, spending $109 million in total.

Strive acquired an additional 1,375 BTC for $109M at an average cost of $79,281 per bitcoin, bringing total holdings to ₿24,531.

70% of the capital raised last week came from $SATA, which now has $999M notional outstanding.

Time to break the billion-dollar wall.$ASST $SATA pic.twitter.com/qjjykekHTk

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