Strive's SATA bought 453 bitcoins on Tuesday, eclipsing Bitcoin's entire daily mining output of 450 BTC. It's the first time any corporate treasury has absorbed the full day's supply since May 14.
Supply Meets Demand
SATA's Tuesday purchase matched 101% of Bitcoin's new supply. The 450 BTC daily output stems from the April 2024 halving that cut block rewards to 3.125 BTC. This absorption hasn't occurred since mid-May.
How the Buying Machine Works
SATA automatically converts proceeds from Strive's at-the-market share sales above $100 par value into Bitcoin. Holders receive 13% annual dividends with daily cash payments starting June 16.
Corporate Treasure Hunt
Strive added 794 BTC to its holdings last week, a 5.16% jump in its treasury. Strategy grew its stash by 24,869 BTC or 3.04% but still holds the largest trove at 843,738 BTC. Strive's proportional expansion beat Strategy's.
Saylor Weighs In
Strategy executive chairman Michael Saylor called SATA "the most interesting story in Bitcoin right now." JPMorgan projects Strategy could deploy $30 billion for Bitcoin acquisitions by 2026. Distributions start June 16.
