Strive's SATA Breaks New Record: An Estimated 535 Bitcoin Bought This Week

Strive's SATA perpetual preferred stock, which pays a 13.00% dividend, has officially broken its weekly Bitcoin accumulation record. According to our data at BitcoinTreasuries.net, SATA is now estimated to have acquired roughly 535 BTC this week — about 44% more than its previous high of 370.97 BTC, set at the start of May.

The pace was clear by mid-week. Monday opened with 72.37 BTC at $5.55M in net ATM proceeds, and Tuesday roughly doubled that with 146.41 BTC at $11.25M — putting SATA at 218.78 BTC in just two trading days, more than half of the old weekly record before the week was even halfway through. Wednesday added another 133.86 BTC, and Thursday brought in 182.59 BTC — pushing the four-day total past the old record with one trading day left in the week.

Track it all on BitcoinTreasuries.net — minute-by-minute accumulation, yield, price, and buying activity using our SATA BTC Accumulation Tracker.

Two things are stacking on top of each other. The first is the ordinary dividend cycle we've watched play out for the better part of a year — capital rotating out of STRC into SATA as the ex-dividend calendar shifts. That alone tends to push SATA back above par and reopen the ATM. What's different this time is the second factor: Strive's recent announcement that SATA will soon move to daily dividend payments — a Wall Street first. Existing preferred stock structures run monthly, quarterly, or at best semi-monthly. A daily payout effectively eliminates the "blackout" windows that have historically caused issuance to stall for weeks at a time after each ex-date.

That structural change is doing a lot of work for SATA's legitimacy. It's converting the instrument from a yield-chasing rotation trade into something institutional capital can underwrite with a straight face. And because Strive's treasury is still relatively small compared to a giant like Strategy, that incoming capital lands with much greater proportional force.

The headline numbers favor Strategy by a mile in absolute terms. Strategy bought an estimated 24,869 BTC last week, pushing its holdings from 818,869 to 843,738 BTC — a 3.04% week-on-week increase.

But on a percentage-of-treasury basis, Strive has now leapfrogged that pace. A 535 BTC buy on top of Strive's current 15,391 BTC treasury works out to a 3.48% increase — meaning for Strategy to match that same percentage growth against its 843,738 BTC base, it would have needed to buy roughly 29,300 BTC in a single week, around 4,500 BTC more than it actually did.

That comparison is the real story. Strive is no longer just a smaller version of Strategy's playbook; on a relative basis it is now accumulating at a pace that, if sustained, would compound its treasury meaningfully faster than the market leader.

Once confirmed, this week's buy would push Strive into the 8th largest corporate Bitcoin treasury globally, surpassing Riot. The promotion is likely to be brief. SpaceX is scheduled to IPO on June 12, and its recent S-1 filing disclosed 18,712 BTC on the balance sheet — significantly more than the 8,285 BTC that public trackers had previously estimated. Once SpaceX lists, it will slot in ahead of Strive and bump the company back down to 9th.

That said, with the daily-dividend mechanism still ahead of it and the current pace of accumulation, it may only be a matter of time before Strive overtakes Musk's SpaceX outright. SpaceX's position is essentially static — a held balance, not an active accumulation program. Strive's is a flywheel that, by design, is meant to keep spinning.

Official figures will be confirmed in upcoming regulatory filings, but the signal from this week is unambiguous: SATA is no longer a curiosity at the edges of the digital credit market. It is starting to behave like a serious second instrument in the category — and at the current pace, the rankings table is going to look quite different by the end of the quarter.