Strive Inc. (ASST), a Bitcoin (BTC-USD) management firm, has added nearly 794 BTC to its treasury in a single week through its SATA perpetual preferred stock product. The purchases pushed the company’s Bitcoin treasury growth rate ahead of Strategy (MSTR), the world’s first BTC treasury, on a percentage basis. The recent buy also drew public praise, pushing the price of SATA upward.
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Strive’s Weekly Bitcoin Treasury Growth Surges Past Strategy
Strive generated roughly $61 million in proceeds last week, alongside nearly $160.9 million in trading volume. As a result, the company reportedly purchased around 794 Bitcoin during the week. Therefore, its previous weekly record accumulation of roughly 371 BTC, set earlier this month, has been doubled.
The firm had consistently bought BTC throughout the week. Then, Friday’s purchase delivered the largest single-day Bitcoin buy in SATA’s history at roughly 259 BTC. That momentum pushed Strive’s Bitcoin treasury growth rate to approximately 5.16% week-over-week.
Meanwhile, Strategy added about 24,869 BTC during the same period, increasing its holdings from roughly 818,869 to 843,738 tokens. However, despite Strategy’s much larger overall treasury, its weekly growth rate came in at nearly 3.04%. As a result, Strive outpaced Strategy with its 5.16% weekly growth.
SATA Price Surges as Michael Saylor Praises BTC Buy
SATA’s price increased after Michael Saylor, the executive chairman and founder of Strategy, publicly praised Strive for its recent rise within the Bitcoin sector. At the same time, Strive announced plans to introduce daily dividend payments for SATA. This could be the first time the structure is being introduced in the history of Wall Street preferred stock products.
Currently, most preferred shares distribute dividends monthly or quarterly. However, analysts believe a daily payout structure could reduce problems that often arise around ex-dividend payments.
As a result, Strive may be able to maintain more consistent capital inflows and cryptocurrency purchases through its ATM program. The proposed structure is also viewed as a potential shift in BTC-linked financial products, as it combines yield-focused features with aggressive Bitcoin treasury purchases.
Is ASST A Good Buy?
Wall Street analysts tracked by TipRanks rate Strive (ASST) a Strong Buy, based on TipRanks consensus data. The stock currently trades around $18 and has 62% upside potential, signaling strong optimism about its price outlook. For more information on this stock’s performance metrics, rating, and price targets, investors can visit the TipRanks Stocks Comparison Center.
