This is the usual Quenya counting number for “two”, derived from √ATATA (VT42/27; VT48/19), which in turn is based on √AT “bi-, double, again (a second time)” (PE17/148, 166). It may be contrasted with yúyo “both” referring to both elements of a pair.
Conceptual Development: There was no word for “two” in the Qenya Lexicon of the 1910s. In the Early Qenya Grammar (EQG) of the 1920s, ᴱQ. yúyo meant “two” and ᴱQ. {satta >>} satto meant “both” (PE14/49, 82). By The Etymologies of the 1930s, these meanings were reversed with ᴹQ. atta “two” appearing under ᴹ√ATTA and ᴹQ. yúyo “both” appearing under ᴹ√YŪ (Ety/ATTA, YŪ).
The Adûnaic number “two” (SD/428). It seems likely that it is related to Q. atta “two”, as suggested by Carl Hostetter and Patrick Wynne (AAD/22), though it is unclear how the initial s- might have developed in the Adûnaic. It may also be related to the Adûnaic dual suffix -at, as suggested by Andreas Moehn (EotAL/SAT).