APPLY

The SATA ATM Tracker is a real-time dashboard that estimates how much Bitcoin Strive Inc. (Nasdaq: ASST) acquires through its $SATA preferred-stock ATM program. When SATA trades above its $100 par value, Strive can issue new shares and use the net proceeds to buy Bitcoin — this tracker estimates that activity minute by minute, then confirms it against Strive's official SEC 8-K filings.

How the SATA ATM Tracker Works

SATA is Strive's Variable Rate Series A Perpetual Preferred Stock. Each share has a $100 stated value. Strive's at-the-market (ATM) program can only issue new SATA shares — and therefore can only raise cash to buy Bitcoin — when SATA trades above that $100 par value.

The tracker works in four steps:

  1. Measure volume above $100. Using real-time intraday market data, the tracker checks every minute of SATA trading against the $100 threshold to estimate what share of volume is ATM-eligible.
  2. Apply the capture rate. A capture rate — auto-calibrated from Strive's most recent SEC 8-K filing — estimates how much of that above-threshold volume represents actual ATM share issuance.
  3. Convert to Bitcoin. Estimated net proceeds are divided by the live BTC price to produce an estimated Bitcoin figure.
  4. Confirm against filings. Strive's SEC 8-K filings disclose the actual shares sold, net proceeds, and Bitcoin purchased during each reporting period. The tracker reconciles its estimates against those confirmed numbers.

What You Can Track

  • Estimated BTC acquired — live, intraday, via the $SATA ATM program
  • Estimated ATM proceeds — net cash raised above the $100 par threshold
  • % of SATA volume above $100 — how much trading is ATM-eligible right now
  • Dividend cycle status — where SATA is in its dividend rhythm (continuous flow once daily dividends activate)
  • Confirmed 8-K data — official shares sold, proceeds, and BTC purchased from each SEC filing
  • SATA market data — live price, effective yield, and total trading volume

Frequently Asked Questions

What is SATA?

SATA is Strive Inc's (Nasdaq: ASST) Variable Rate Series A Perpetual Preferred Stock, trading on the Nasdaq Global Market. Each share has a $100 stated value and pays a cumulative monthly cash dividend at a variable annual rate set by Strive's board (currently 13.00% as of April 15, 2026). SATA is the only digital credit instrument in its category not issued by Strategy. When SATA trades above its $100 par value, Strive can issue new shares through an ATM program and use the net proceeds to acquire Bitcoin.

What is this tracker?

This is an independent dashboard that estimates SATA ATM (At-The-Market) activity in real time. It tracks the volume of SATA shares traded above the $100 par value threshold — which is when the ATM program is eligible to issue new shares and use proceeds to purchase Bitcoin.

How are the BTC estimates calculated?

We use real-time intraday market data to estimate what percentage of SATA volume traded above the $100 par value. A Capture Rate (auto-calibrated from confirmed SEC 8-K filings) determines what percentage of above-threshold volume represents actual ATM issuance. Estimated proceeds are divided by the current BTC price to derive an equivalent Bitcoin figure.

What is the Capture Rate?

The Capture Rate is an adjustable assumption for what percentage of SATA trading volume above $100 represents actual ATM share issuance. The default is auto-calibrated from the most recent Strive 8-K filing with confirmed ATM data and updates automatically when new filings are published. It directly affects all downstream estimates — proceeds, BTC acquired, and BTC NAV coverage.

How often is the data updated?

Market data refreshes approximately every 60 seconds during market hours. BTC price comes from CoinGecko. SEC filing data is based on confirmed Strive 8-K filings and updates when new filings are published.

What are extended hours?

The tracker shows pre-market (4:00 AM – 9:30 AM ET) and after-hours (4:00 PM – 8:00 PM ET) trading sessions. By default, extended hours are included in the estimates. You can exclude them and restrict the numbers to regular trading hours only (9:30 AM – 4:00 PM ET) via the toggle in the header.

Where does the confirmed BTC data come from?

Confirmed BTC figures are sourced directly from Strive's SEC 8-K filings, which disclose actual shares sold, net proceeds, and Bitcoin purchased during each reporting period. These are not estimates — they are official, audited disclosures.

Can I sponsor the tracker or livestream?

Yes — the SATA ATM Tracker dashboard and its companion livestream are open to sponsorship. Opportunities include logo placement on the dashboard, on-screen branding on the livestream overlay, mentions in the weekly email newsletter, and custom integrations.

Is this financial advice?

No. This dashboard is for informational and educational purposes only. Nothing on this site constitutes financial, investment, tax, or legal advice. All estimates are based on publicly available market data and adjustable assumptions. Always do your own research and consult a qualified financial advisor before making investment decisions.

SATA ATM Tracker Glossary

Key terms for understanding SATA, Strive's ATM program, and how this tracker estimates Bitcoin accumulation.

SATA & Strive

  • SATA — Strive's Variable Rate Series A Perpetual Preferred Stock, trading on the Nasdaq Global Market under the ticker SATA. Each share carries a $100 stated value.
  • Strive Inc (ASST) — a Bitcoin treasury company, listed on Nasdaq under ASST. Strive holds Bitcoin as a primary reserve asset and uses preferred-stock ATM programs to fund Bitcoin purchases.
  • Variable Rate Preferred Stock — the structure of SATA, allowing Strive to adjust the dividend rate monthly within terms defined by the Certificate of Designations.
  • Par value ($100) — the stated face value of each SATA share. It is the threshold that matters most for the ATM: issuing shares is only economical when SATA trades above $100.
  • Perpetual preferred stock — preferred stock with no maturity date. It pays dividends indefinitely and is never "repaid" like a bond.
  • Variable dividend rate — SATA's annual dividend rate is set by Strive's board (currently 13.00% as of April 15, 2026). The rate can be adjusted within the limits of the Certificate of Designations.
  • Cumulative dividend — if Strive misses a SATA dividend, the unpaid amount accrues and compounds toward a 20% annual cap, creating economic pressure against prolonged non-payment.
  • Callable preferred — SATA is redeemable by Strive at $110 plus accrued dividends, which effectively caps upside if shares trade materially above par.
  • Effective yield — SATA's annualized dividend expressed as a percentage of its current market price, shown live on the tracker.

ATM Mechanics

  • ATM program (At-the-market offering) — a mechanism that lets Strive sell newly issued SATA shares directly into the open market at prevailing prices, rather than through a traditional underwritten offering.
  • ATM issuance — the act of creating and selling new SATA shares through the ATM program. The net proceeds are used to buy Bitcoin.
  • Net proceeds — the cash Strive actually receives from ATM share sales after underwriting commissions are deducted.
  • Above par / below par — SATA trading above or below its $100 stated value. ATM issuance is only economically sensible when SATA trades above par.
  • Dilution — the increase in total SATA shares outstanding as new shares are issued through the ATM. Each new share carries its own dividend obligation.

Tracker Metrics

  • Capture rate — the estimated share of above-$100 SATA volume that represents real ATM issuance. It is auto-calibrated from Strive's most recent SEC 8-K filing and drives every downstream estimate.
  • VWAP (volume-weighted average price) — the average trade price over a period, weighted by volume. The tracker checks VWAP against the $100 threshold to decide which volume is ATM-eligible.
  • % Volume above $100 — the share of SATA trading volume that occurred above the $100 par threshold. Only this portion can fund ATM issuance.
  • Estimated BTC acquired — the tracker's live, intraday estimate of how much Bitcoin Strive has bought using SATA ATM proceeds.
  • Estimated ATM proceeds — the estimated net cash raised through above-par SATA issuance, before being converted to a Bitcoin figure.
  • Dividend cycle — SATA's dividend rhythm. With daily dividends, the cycle is continuous (every trading day is an ex-div day); the tracker auto-detects this and switches to a continuous-flow display.
  • Extended hours — pre-market (4:00 AM – 9:30 AM ET) and after-hours (4:00 PM – 8:00 PM ET) trading sessions. They are included in tracker estimates by default and can be toggled off.
  • Regular trading hours — the standard Nasdaq session, 9:30 AM – 4:00 PM ET.

Bitcoin

  • BTC spot price — the current live market price of one Bitcoin, used to convert estimated ATM proceeds into an estimated Bitcoin figure.
  • Daily mined supply — the roughly 450 BTC created globally each day following the April 2024 halving.
  • Halving — the roughly four-year event that cuts the Bitcoin mining reward in half. The April 2024 halving reduced daily issuance to about 450 BTC.
  • Bitcoin treasury — a corporate strategy of holding Bitcoin as a primary reserve asset. Strive is among the public companies pursuing this strategy.

SEC Filings

  • 8-K filing — the SEC form used to disclose material corporate events. Strive uses 8-Ks to report ATM sales, Bitcoin purchases, and dividend declarations.
  • Confirmed data — figures sourced directly from Strive's SEC 8-K filings. Unlike the tracker's real-time estimates, confirmed data is official and audited.
  • Reporting period — the date range covered by a given 8-K filing.