Corporate Bitcoin treasury activity returned to focus this week after Strive’s SATA preferred stock generated enough estimated funding capacity to purchase about 1,192 BTC, while Strategy’s two-week pause in Bitcoin sales removed a key sentiment headwind, according to Bitfinex.
BitcoinTreasuries.NET estimated on Aug. 28 that trading in Strive’s Variable Rate Series A Perpetual Preferred Stock, ticker SATA, had created purchasing power for roughly 1,192 BTC during the week. At Bitcoin prices between $78,000 and $80,000, the estimate would amount to approximately $93 million to $95 million. The tracker’s figure represents potential capacity rather than a confirmed acquisition, and Strive had not filed an 8-K detailing Bitcoin purchases between Aug. 24 and Aug. 28.
SATA’s return to its $100 stated value allowed Strive to resume issuing preferred shares through its at-the-market program. The security had fallen as low as $79.01 during a June sell-off in Bitcoin-linked securities, halting issuance for several weeks. By Aug. 21, SATA had recovered to $100.01, reopening the funding channel. Strive entered the week holding 21,356 BTC after purchasing 1,110 coins between Aug. 17 and Aug. 21 for about $81.5 million at an average price of roughly $73,409 per coin.
BitcoinTreasuries.NET ranked Strive as the seventh-largest publicly traded corporate Bitcoin holder, behind Bullish with 22,000 BTC and ahead of SpaceX with 18,712 BTC. Strive has expanded its disclosed Bitcoin holdings from 7,525 BTC in November 2025 to 21,356 BTC by late August, an increase of about 184%.
Separately, Bitfinex said Strategy’s two-week pause in Bitcoin sales removed a major bearish narrative after the company offloaded 6,948 BTC between May and August. Although the sold volume was marginal compared with global spot trading, Strategy’s status as the largest corporate holder amplified the psychological impact. To cover dividend payments and share repurchases of STRC preferred stock without liquidating more crypto assets, Strategy raised $2.01 billion by issuing MSTR common shares, boosting its liquid reserves to $6.69 billion. The company maintained 840,447 BTC, which was in profit above its average acquisition cost.
For now, Strategy is prioritizing liability stability before resuming large open-market purchases. The sector will watch whether Bitcoin’s price recovery and STRC’s return to par open the door to a new phase of corporate accumulation.
