TREE NEWS update: Strive purchased 1,107 BTC for $94.5 million last week, lifting its total holdings to 27,462 BTC. The company said its SATA preferred stock supplied 85% of the capital for the purchase.
Strive Buys $94.5M in Bitcoin, Holdings Top 27,000 BTC
The notable detail is the funding mix: a preferred stock instrument, not operating cash or converts, carried most of the purchase. That ties Bitcoin accumulation to a perpetual capital-raising channel, which works while issuance is absorbed but becomes a different story if demand for SATA weakens. The open question is whether this structure keeps pace as holdings scale, and how the preferred's cost compares with the asset's return.
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