Strive’s SATA Tops Estimated 490 Bitcoin in a Single Day — More Than the Entire Daily Mining Supply
Bitcoin Magazine
Strive’s SATA program acquired approximately 490 Bitcoin in one day, surpassing the entire daily issuance of the global Bitcoin network.Summary
Strive, Inc. successfully acquired an estimated 490 Bitcoin in a single day through its Variable Rate Series A Perpetual Preferred Stock (SATA) program. This volume exceeds the approximately 450 Bitcoin generated daily by miners worldwide following the April 2024 halving. The achievement highlights the effectiveness of Strive's strategy, which utilizes preferred equity to fund large-scale Bitcoin purchases and maintain an unencumbered treasury, with the firm's total holdings recently reaching 16,500 BTC.
(Source：Bitcoin Magazine)