Strive's SATA Reaches $100 Par and Acquires an Estimated 68 Bitcoin

Strive's SATA perpetual preferred stock has crossed the critical $100 threshold once again, briefly trading at par before pulling back slightly to $99.98 as of April 22. Trading data confirms the crossing, with 100,000 shares trading at exactly $100.00 on April 22. Breaching $100 activates Strive's ability to issue new shares at-the-market and deploy the proceeds directly into Bitcoin.

According to our data at BitcoinTreasuries.net, this latest crossing generated an estimated $5.36 million in net proceeds from approximately 55,000 shares issued, with daily volume reaching $28.67 million including extended hours. At a BTC price of $78,826, that capital translated into an estimated 68.03 Bitcoin added to Strive's treasury. This follows SATA's previous $100 crossing on April 1, when it acquired an estimated 102 Bitcoin in a single day.

The product, issued by Strive (ASST), remains the primary alternative "digital credit" instrument to Strategy's STRC offerings. With a dividend rate recently raised to 13% annualized and paid monthly, SATA attracted renewed buying interest that ultimately pushed it through par. The brief crossing and subsequent ATM execution validated the core thesis management had been articulating for weeks: get SATA to $100, issue shares, buy Bitcoin.

Crossing $100 was always the strategic inflection point. Above that level, Strive gains the ability to raise fresh equity capital efficiently and convert it directly into Bitcoin, further boosting its treasury and BTC-per-share metrics. The company currently holds approximately 13,768 Bitcoin — valued at over $1 billion at recent prices — alongside $89.7 million in cash and $50 million in STRC holdings. With the estimated 68 BTC acquired through the ATM now added, the treasury has grown further. At the 13% annual rate, dividend obligations total roughly $56–57 million per year, but management has previously stated that current reserves could support payments for nearly 20 years at a Bitcoin price around $74,750, with the balance sheet providing over 19 years of coverage when combining cash, STRC, and Bitcoin holdings.

Strive raised the SATA dividend from 12.75% to 13.00% effective April 15, 2026, and declared a monthly cash dividend of $1.0833 per share payable on May 15 to holders of record on May 1. Chief Risk Officer Jeff Walton and others at Strive have highlighted the variable-rate structure as a flexible tool in a market where traditional credit is facing disruption. The team has described Bitcoin as the premier form of digital capital and products like SATA as among the most transparent credit instruments available.

CEO Matt Cole has fueled additional excitement with posts on X suggesting Strive should shift SATA to bi-weekly payments on the 7th and 21st of each month. He followed up by noting that investors could soon own both STRC and SATA and collect weekly dividends as complementary products. Strategy is reportedly moving toward semi-monthly dividends on STRC, with payments potentially on the 15th and 30th. If SATA adopts bi-weekly payments on offsetting dates, holders splitting capital between the two products could receive a payout nearly every week without needing to sell shares — reducing ex-dividend selling pressure and appealing to income-oriented investors seeking reliable yield within the Bitcoin treasury ecosystem.

The $100 crossing and the 68 BTC acquisition represent a tangible proof-of-concept moment. SATA has now done what it was built to do. Whether it can sustain trading at or above par — enabling repeated ATM issuances and continued Bitcoin accumulation — will be the defining question going forward. Confirmation of the bi-weekly payment structure, continued BTC price strength, or inflows from traditional finance channels Strive has been courting could all provide the sustained momentum needed to keep the flywheel spinning.