Strive, Inc. (ASST) passed on Tuesday that few bitcoin watchers are expected to see this soon: its favorite tool, SATA, took about 453 BTC – about 101% of all bitcoin mining for one day – which marks the first event to take everything since May 14.
The event reached the STRC.live tracking data he explained as the largest day in SATA history, with approximately 384,000 shares traded through Strive’s at-the-market program.
The one-day high of 408 BTC surpassed the one-day record of about 404 BTC set last Friday, with the afternoon session on Tuesday still active as the record fell.
An additional 3 BTC above the daily mining rate came from secondary market traders who are publicly trading.
The fourth part of Bitcoin, he finished in April 2024, cut the subsidy block to 3.125 BTC. At around 144 blocks per day, miners around the world now produce around 450 BTC in new coins every 24 hours.
Strive’s SATA distribution system
Strive’s SATA preferred stock – which has a 13% annual dividend and will start paying dividends every business day. since June 16, the first Wall Street – changed the fixed number to a daily target.
The process is straightforward. When SATA sells or exceeds its $100 value in price, Try to withdraw the new shares you like through its ATM program and convert the money into bitcoin. The company has publicly committed to not offering SATA below $100 par, and is only looking to buy pressure in windows when demand is pushing the stock above that limit.
On Tuesday, the demand was exactly what it was, and the ATM engine was running at full speed.
A few weeks ago, SATA was still seen as a second attempt in the bitcoin-loving space, operating in the shadow of Strategy’s main tool STRC. This arrangement does not age well.
In the week ending May 24, SATA gained about 794 BTC – more than double its record of 371 BTC set at the beginning of May, and a figure that, compared to the economy of Strive, represents a week-to-week increase of 5.16%.
Strategy, in comparison, added about 24,869 BTC in the same week, but against its base of 818,869 BTC, which translates to a profit of 3.04% accordingly.
For Strategy to match Strive’s growth rate last week, it would have needed to buy about 42,250 BTC in seven days – about 17,400 BTC more than it bought. Strategy is still the undisputed leader in all things due to the amount of their assets, now at 843,738 BTC.
JPMorgan work the company may send 30 billion dollars in total purchases by 2026. But on the metric Strive has chosen to compete on – bitcoin per unit, not bitcoin in number – the difference is shrinking in a way that is difficult to ignore.
Michael Saylor, chief strategy officer and architect of the bitcoin wealth industry, publicly acknowledged SATA last week, calling is “the most exciting story in Bitcoin right now” and selects the rise of SATA in the credit markets and ASST in the stock markets as developments worth watching.
