Strive's Bitcoin-Backed Stock Sees Significant Trading Volume

Strive's Bitcoin-backed preferred stock, SATA, experienced substantial trading activity, with approximately $43 million exchanged in a single day after achieving its $100 par value. According to NS3.AI, Jeff Walton highlighted that JPMorgan's comparable variable-rate preferred stock traded around $5.9 million on the same day, despite having 3.5 times more shares outstanding than SATA.