STRC vs SATA

SATA

Strive’s board sets SATA’s rate each month. It can only cut it by a small, formula-limited amount, never below the one-month SOFR benchmark, and not at all while any dividends are unpaid. A cut also has to meet the trading conditions in the certificate.

Filed terms. The board sets the monthly regular dividend rate. The rate stays the same unless the board chooses a different rate and gives notice before the first business day of the monthly dividend period the new rate covers. The board cannot set a negative rate. It cannot cut the rate by more than 25 basis points plus the excess, if any, of one-month term SOFR on the first business day of the prior monthly dividend period over the lowest one-month term SOFR on the business days of that prior period. It cannot set the rate below one-month term SOFR on the business day before the notice. The board cannot cut the rate until three months after the initial issue date, unless the average of the last reported sale prices over 20 consecutive trading days exceeds $100 during those three months. A cut also requires that accumulated regular dividends for every prior completed monthly dividend period have been paid in full, or declared in full and set aside, and that the average of the last reported sale prices for each trading day of the immediately preceding monthly dividend period is at least $99 per share.

1. Nov 10 – Dec 15, 202512%
2. Dec 16, 2025 – Jan 15, 202612.25%
3. Feb 16 – Mar 15, 202612.50%
4. Mar 16 – Apr 15, 202612.75%
5. Apr 16 – May 15, 202613%

STRC

Strategy’s board sets STRC’s rate each month. It can only cut it by a small, formula-limited amount, never below the one-month SOFR benchmark, and not at all while any dividends are unpaid.

Filed terms. The board sets the regular dividend rate. The rate stays the same unless the board chooses a different rate and gives notice before the first business day of the regular dividend period immediately before the period the new rate covers. The board cannot set a negative rate. It cannot cut the rate by more than 25 basis points plus the excess, if any, of one-month term SOFR on the first business day of the third regular dividend period before that period over the lowest one-month term SOFR from that day through the last business day of the second regular dividend period before that period. It cannot set the rate below one-month term SOFR on the business day before the notice. The board will not cut the rate unless accumulated regular dividends for every prior completed regular dividend period have been paid in full, or have been declared in full and set aside.

Strategy says it uses a multi-factor, discretionary framework to set the rate. Its June 29, 2026 filing says it “will not necessarily increase the STRC dividend rate solely because STRC trades below its stated amount.”

The June 29, 2026 8-K set the STRC rate at 12.00% for semi-monthly periods with record dates on or after July 1, 2026. The first of those periods is July 16–31, 2026 (record date July 15). The July 1–15 period has a record date of June 30 and paid 11.50%.

1. Jul 29, 20259%
2. Sep 202510%
3. Oct 202510.25%
4. Nov 202510.50%
5. Dec 202510.75%
6. Jan 202611%
7. Feb 202611.25%
8. Mar 202611.50%
9. Jul 16, 202612%Board declared June 28, 2026. The 8-K was filed June 29, 2026, and set the rate at 12.00% for periods from Jul 16, 2026. 8-K ↗