Strive’s SATA Acquires Estimated 603 Bitcoin in First Week of Daily Dividends

Strive Inc, the issuer of SATA and one of the leading competitors to Strategy’s STRC preferred stock, has just completed an impressive first week since introducing daily dividends. With a full week of trading now behind us, data from the BitcoinTreasuries.net ATM Tracker shows that SATA raised enough capital to acquire an estimated 603 Bitcoin.

The BitcoinTreasuries.net ATM Tracker recorded strong daily activity to start the week:

• June 15: $7.84 million in net proceeds (80.4K shares issued), supporting an estimated +117.16 BTC acquisition

• June 16: $19.45 million in net proceeds (199.5K shares issued) and the week’s highest single-day acquisition of +296.33 BTC

• June 17: $12.28 million in net proceeds (126.0K shares issued) and +189.85 BTC acquired

• June 18: SATA's price failed to achieve the $100 par value during trading hours

• June 19: Markets closed for the Juneteenth holiday

The thesis that daily dividends would deliver lower volatility for SATA is off to an excellent start. The stock hit par every three out of four trading this week, only slipping modestly below par through Wednesday in after-hours trading before recovering quickly — exactly as the structure is designed to do. This stability is even more notable when compared with Friday, June 12 (the final trading day before daily dividends began), when SATA traded around $98.77. By Monday the stock was back at par. Thursday was the outlier, and while SATA opened close to par, it traded briefly down to $93 by midday. By the 4PM closing bell, the price recovered to $97.70.

In contrast, Strategy’s STRC preferred stock has been under significant pressure all week, hitting an all-time low of $82.53 this week. As we covered yesterday, STRC appears to be losing investor capital to SATA’s more predictable daily income stream. Investors are clearly favoring the steady, reliable yield offered by SATA.

To put SATA’s first week in perspective: Strive currently holds 19,105 Bitcoin — a fraction of Strategy’s 846,842 Bitcoin treasury. Yet the 603 Bitcoin acquired by SATA this week represents 3.2% of Strive’s entire Bitcoin holdings. For Strategy to achieve the same percentage growth via STRC, it would need to raise enough capital to purchase approximately 26,728 Bitcoin.

This level of capital formation and Bitcoin accumulation from a smaller treasury company — achieved in just the first week of a new daily dividend product — is nothing short of impressive and points to strong product-market fit for Strive’s approach.