Strive Raises $10M via SATA to Buy 130 Bitcoin
Bitcoin (BTC)
Editor:
Eugene Serbin
Cryptobriefing.com reports that Strive, Inc. has generated $10 million in proceeds from its at-the-market preferred stock program to acquire over 130 Bitcoin. The company utilizes its Variable Rate Series A Perpetual Preferred Stock, trading under the ticker SATA on NASDAQ, to fund these purchases without incurring debt. This equity-based structure avoids the liquidation risks associated with convertible notes or senior secured debt used by peers like MicroStrategy.
SATA pays a 13% annualized dividend distributed daily, which helps anchor the share price near its $100 par value. Strive activates the ATM program only when SATA trades at or above this $100 par value to prevent dilution. Between August 24 and 26, 2026, the program raised $40.35 million, purchasing approximately 510.69 Bitcoin.
Earlier in the period from August 20 to 21, the company raised $32.9 million to fund around 440 Bitcoin. A Form 8-K filed on August 24 confirmed the purchase of 1,110 Bitcoin between August 17 and 21 at an average cost of $73,409 per coin. This activity increased total holdings from 20,246 BTC to 21,356 BTC. The program, authorized at $500 million in December 2025, resumed activity in late August after SATA returned to par value.
How the market reacted
Whalio's own Binance spot order flow for BTC, measured when this story was written up on 26 August 2026. Not the outlet's figures.
Bitcoin is currently trading at $79,023.75 with a 24-hour buy ratio of 49.9%, indicating a near-even split between buyers and sellers. Short-term pressure shows signs of fading, as the 1-hour buy ratio dropped to 44.7% and the 4-hour ratio fell further to 43.0%. This decline in short-term buying interest is reflected in negative volume deltas, with -$9,605,302 recorded in the last hour and -$13,495,762 over four hours. The cumulative volume delta over 24 hours stands at -$903,088, suggesting that selling pressure has slightly outweighed buying pressure in the immediate term. The 24-hour Cumulative Volume Delta closed at -$64,526,673, reinforcing the trend of net outflows over the day. Net buying occurred for only 10 of the 24 hours, highlighting a day where sellers held a distinct advantage.
The latest daily buy ratio of 46.7% sits at the 18th percentile of the last 322 days, against a median of 49.2% - weaker buying than most days.
Twenty-four hours later
What BTC did over the 24 hours after the story broke. The market moves for its own reasons; this is what happened, not what the story caused.
Was that an ordinary day?
The same Binance spot measurements for BTC, averaged over the days leading up to the story.
The current 24-hour buy ratio of 49.9% is slightly below the 7-day average of 51.6%, marking a 1.7 percentage point decrease in buying intensity. Trading volume has also cooled, sitting at 0.54 times the average daily volume, indicating reduced participation compared to the previous week. Despite this dip, the broader trend remains positive, with net buying occurring on 6 of the past 7 days. Over the preceding 8 days, the market saw a total volume delta of +$445,688,281, contrasting sharply with the recent 24-hour outflow. Bitcoin prices have risen 14.0% over this 8-day period, showing that the recent slowdown is a pause within a stronger upward trend.