Strive dey raise $8.1M every day through SATA preferred shares despite Bitcoin don drop 50%
Crypto treasury firm Strive (Nasdaq: ASST) still dey raise average $8.1M per day through im SATA perpetual preferred stock program, even as Bitcoin don drop about 50% from im highs. Jeff Walton, Strive Chief Risk Officer, talk say steady inflows show demand for structured Bitcoin exposure still resilient inside bear market.
How e dey work: investors dey buy SATA shares, and Strive dey use the proceeds to buy Bitcoin for im treasury. For the current pace, Strive projected daily dividend obligations of about $390,723 (when payments start) dey covered about 21x by ongoing raise activity. Strive currently get about 14,557–19,000 BTC, depend on settlement of recent buys.
Growth plan: Strive wan issue enough SATA shares to fund acquisition of up to 175,000 additional BTC. If dem do am full, total issuance fit be roughly $15.5B.
For traders, two watchpoints matter: (1) the daily SATA raise rate as leading indicator of capital demand durability, and (2) the dividend coverage ratio to check how safe the program go be if market conditions tighten. Persistent buying support from structured-product issuer fit shape BTC sentiment, liquidity expectations, and volatility over the next months.
Bullish
Strive di ongoing $8.1M/day SATA preferred-share raisings mean dem dey buy Bitcoin steady and programmatic no matter say BTC don drop like ~50%. Historically, when big, rule-based buyers still dey accumulate through risk-off times (same way treasury/ETF-type structures fit reduce immediate sell pressure), BTC dey often benefit from better demand expectations and e fit make sentiment steadier.
Short term: traders fit see supportive flow story, wey fit reduce downside momentum or make volatility spikes small—especially if daily raise rate remain stable.
Long term: if Strive fit scale to the stated 175,000 BTC target and maintain strong dividend coverage (reported ~21x), e go strengthen the thesis say structured demand fit continue across market cycles. Main risk be say if investor demand for SATA weak, future issuance and buying fit slow, and the flow-support story fit change from bullish go neutral/bearish. For now, the article dey emphasize durability of inflows, wey align with a bullish impact on sentiment.