Strive Raises $10M via SATA to Acquire 130 BTC
Bitcoin (BTC)
cryptobriefing.com reports that Strive has crossed $10 million in proceeds from its at-the-market preferred stock program, converting those funds into over 130 Bitcoin. The company utilizes its Variable Rate Series A Perpetual Preferred Stock, trading as SATA on NASDAQ, which pays a 13% annualized dividend and trades near its $100 par value. This equity-based structure allows Strive to purchase Bitcoin without incurring debt or credit facilities, avoiding the liquidation risks faced by leveraged competitors like MicroStrategy. Recent activity from late August 2026 saw the company raise $40.35 million to buy approximately 510.69 Bitcoin and $32.9 million for around 440 Bitcoin. A Form 8-K filing confirmed the purchase of 1,110 Bitcoin between August 17 and 21 at an average cost of $73,409 per coin. This acquisition increased Strive's total holdings from 20,246 BTC to 21,356 BTC. The SATA program, authorized at $500 million in December 2025, is activated only when shares trade at or above par to minimize dilution.
What Whalio's data showed
Binance spot order flow for BTC, measured when this story was published on 26 August 2026.
The 24-hour buy ratio stands at 51.0%, indicating a near-even split between buyers and sellers, while the 24-hour volume delta is strongly positive at +$40,417,819. In contrast, the 1-hour interval shows a buy ratio of 48.4% and a negative volume delta of -$2,340,106, suggesting immediate selling pressure is currently outweighing buying interest. The 4-hour metrics present a mixed picture with a 53.1% buy ratio and a positive volume delta of +$9,615,977, indicating that buying pressure has built up over the medium term despite recent short-term weakness. The cumulative volume delta (CVD) for the 24-hour close is -$3,448,344, which implies that despite the positive delta figure, the net flow of volume has been slightly negative by the close of the period. With only 13 out of 24 hours showing net buying, the market is experiencing intermittent rather than sustained accumulation. Overall, while the 4-hour trend remains bullish, the immediate 1-hour data suggests a short-term fade in buying momentum.