Strive used its SATA preferred stock to raise capital and bought 111 Bitcoin during trading hours on Tuesday. The firm added the crypto directly to its corporate treasury in what appears to be a deliberate strategy to fund Bitcoin exposure without common equity dilution.
Preferred stock paid for the stash
The SATA preferred stock offering generated the cash that paid for the 111 Bitcoin. Strive executed the purchase during regular trading hours — a window that often means market buys rather than block trades. The move ties capital raised from preferred investors directly to a specific asset, a structure that’s become more common among crypto-forward firms this year.
By using preferred stock, Strive keeps its common shareholder structure intact while putting Bitcoin on the books. The company now holds a meaningful digital asset position, though it hasn’t said whether more buys are coming. The 111 BTC sits on its balance sheet as of Tuesday’s close.
