Strive buys over $40M Bitcoin via $SATA

Strive’s latest disclosed bitcoin purchase was about $30.3 million, not more than $40 million, based on the company’s own May 19 filing. In an 8-K filed with the U.S. Securities and Exchange Commission, Strive said it bought 381.61 bitcoin between May 13 and May 18 at an average price of about $79,348 per coin, including fees and expenses. That math implies a purchase of roughly $30.3 million, while the filing said Strive’s bitcoin treasury stood at 15,391 BTC as of May 18. Pete Rizzo circulated a post on X on May 21 saying Strive had raised and used funds to buy more than $40 million of bitcoin “via $SATA” this week. Strive’s public disclosures available on May 21 support the bitcoin purchase itself and show SATA as a listed Nasdaq security, but they do not, in the materials reviewed, state that this specific May 13-May 18 bitcoin buy exceeded $40 million. (sec.gov) ### What did Strive actually disclose this week? Strive said on May 19 that it purchased 381.61 bitcoin from May 13 through May 18 at an average price of approximately $79,348 per bitcoin. The company said the price figure included fees and expenses. As of May 18, Strive said it also held $87.3 million of cash and cash equivalents and $49.8 million of Strategy variable-rate preferred stock, identified in the filing as STRC. (sec.gov) The same filing listed Strive’s securities on Nasdaq under ASST for its Class A common stock and SATA for its Variable Rate Series A Perpetual Preferred Stock. That establishes SATA as one of the company’s publicly traded financing instruments, but the 8-K did not break out a direct source-and-use bridge tying the May 13-May 18 bitcoin purchase to a fresh SATA raise. (sec.gov) ### Where does SATA fit into Strive’s bitcoin strategy? Strive said on January 21 that it planned a $150 million follow-on offering of SATA stock. In that announcement, the company said net proceeds, together with cash on hand and potentially other sources, were intended in part for “the acquisition of bitcoin and bitcoin-related products,” as well as debt-related uses and general corporate purposes. (sec.gov) Strive has used SATA repeatedly in public messaging as part of a broader balance-sheet structure built around bitcoin accumulation and income-paying preferred stock. On March 11, the company said it had narrowed SATA’s targeted trading range, would not issue SATA below $100 in ATM or follow-on offerings, and had bought 179 additional bitcoin since its prior filing. (investors.strive.com) ### Has Strive been buying bitcoin in regular increments? Strive reported on April 27 that it bought about 789 bitcoin, bringing total holdings to about 14,557 BTC at that time. On April 15, it said it had bought another roughly 27 bitcoin, bringing holdings to about 13,768 BTC. On March 19, it reported total bitcoin holdings of 13,628 as of March 17. The May 19 filing lifted that figure again to 15,391 BTC. (investors.strive.com) Those disclosures show a pattern of frequent additions rather than a single one-off purchase. They also show Strive using both formal SEC filings and investor-relations releases to update the market on treasury changes. ### So can the “over $40 million via SATA” claim be verified? (investors.strive.com) The strongest verifiable number in Strive’s latest filing is 381.61 bitcoin at about $79,348 each, or roughly $30.3 million. A separate March 11 release said Strive had previously used $50 million of cash to buy STRC, not bitcoin, and the company’s January 21 SATA offering statement said SATA proceeds could be used for bitcoin acquisitions without tying that language to this week’s exact buy. (sec.gov) As of May 21, the available primary-source record supports this formulation: Strive disclosed another sizable bitcoin purchase, and SATA remains one of the company’s named funding instruments, but the reviewed filings do not substantiate a more-than-$40-million bitcoin buy in the May 13-May 18 window. (sec.gov) ### What comes next in Strive’s SATA rollout? Strive said on May 14 that it will begin paying SATA dividends on a daily basis starting June 16, with payments made each business day to holders of record on the preceding business day. That change is part of the company’s current investor update cycle and is the next dated milestone in the SATA program visible in its public materials. (sec.gov) (investors.strive.com)