Strive’s (ASST) Bitcoin-backed preferred stock, SATA, traded roughly $43 million in a single day after hitting its $100 par value, outpacing JPMorgan’s comparable preferred by more than 7x. Strive, Inc. is a Dallas-based Bitcoin (BTC) treasury company that went public through a reverse merger with Asset Entities in September 2025, raising approximately $750 million via PIPE financing to fund BTC accumulation. How SATA Stacks Up Against Wall Street Jeff Walton, Strive’s Chief Risk Officer, highlighted the disparity in volume