Data checked
2026-06-21
Treasury data is a dated snapshot. Prices and NAV move intraday.
Treasury ProductPreferred StockSATANasdaq Global Market
Strive SATA Preferred Stock
Strive variable-rate preferred stock designed as bitcoin-treasury-linked digital credit.
7.2/10Overall score = 10.0*30% + 6.5*15% + 4.0*15% + 7.5*15% + 8.0*10% + 7.0*10% + 1.0*5% = 7.2. NAV is the $100 stated amount/liquidation preference, not a direct bitcoin redemption value.
Key Metrics
NAV Premium / Discount
-0.02%
Market: $99.98 vs NAV: $100.00
BTC per Share
₿0.00418
₿19,105 total BTC held
Market Price
$99.98
Nasdaq Global Market
Daily Volume
$28.7M
daily listed
Shares Outstanding
4,573,194
Dilution: increasing
Management Fee
None
Performance Fee
None
Inception Date
2025-11-10
SATA listed in November 2025, leaving only a short public trading record (about seven months) as of June 2026.
Score Breakdown
Methodology: Overall score = 10.0*30% + 6.5*15% + 4.0*15% + 7.5*15% + 8.0*10% + 7.0*10% + 1.0*5% = 7.2. NAV is the $100 stated amount/liquidation preference, not a direct bitcoin redemption value.
View full scoring methodology →Dilution & Share Structure
increasing4,573,194 shares outstanding
Strive reported 4,573,194 SATA preferred shares outstanding as of April 24, 2026 and has an active $500 million SATA ATM program; management has also guided against issuing SATA below $100. Share count may be higher given continued ATM issuance.
Fee Structure
Management Fee
None
Performance Fee
None
No management or performance fee is charged to SATA holders. Holder economics come from declared variable cash dividends (paid every business day since June 16, 2026), preferred-stock terms, issuer balance-sheet coverage, and market price versus stated amount.
Governance & Disclosure
Reporting Tier
SEC Reporting
Disclosure Frequency
SEC current reports and issuer press releases
Audit Firm
Marcum LLP
Liquidity Tier
daily listed
Highlights
- +Switched to daily business-day cash dividends on June 16, 2026 — a U.S.-listed first — lifting the 13.00% stated rate to about a 13.88% effective annual yield via daily compounding.
- +Strive reported about 19,105 BTC after its mid-June 2026 bitcoin purchases.
- +Issuer reports a cash and STRC reserve layer alongside bitcoin holdings.
Considerations
- !SATA has limited public operating and trading history.
- !ATM issuance can increase the preferred share count.
- !Preferred holders rely on issuer balance-sheet management and dividend declarations.
Best for
Investors comparing newer bitcoin-treasury preferred instruments with high stated income and Nasdaq liquidity.
Evidence
Why trust this view
Verification
Sources
4 cited
Each data point is traced back to a named source listed below.
How we score
Treasury methodology
Open the scoring rules before relying on a ranking.
Boundary
Not investment advice
Pledge provides comparison data for educational purposes only.
Sources
verifiedResearch
Strive mid-June 2026 bitcoin purchase coverage
Reports Strive purchased 73 additional BTC for $4.7 million, bringing total holdings to 19,105 BTC as of mid-June 2026.
https://cryptobriefing.com/strive-buys-73-bitcoin-19105-btc-total/ ↗verifiedResearch
Strive SATA daily-dividend announcement
Reports SATA became the first U.S.-listed security to pay cash dividends every business day, effective June 16, 2026, at a 13.00% stated annual rate (about 13.88% effective via daily compounding).
https://www.coindesk.com/markets/2026/05/14/strive-s-sata-to-become-first-u-s-listed-security-to-pay-daily-cash-dividends ↗verifiedOfficial
Strive SATA IPO release
Reports SATA Nasdaq listing, 2,000,000-share IPO at $80, initial $100 liquidation preference, and 7,525 BTC held as of November 10, 2025.
https://investors.strive.com/news-events/news-releases/news-details/2025/Strive-Announces-Nasdaq-Listing-of-SATA-and-Closing-of-Oversubscribed--Upsized-IPO/default.aspx ↗partialResearch
BitcoinTreasuries.net SATA coverage
Research coverage used for trading-volume context, par-price behavior, and estimated ATM-driven BTC purchases.
https://bitcointreasuries.net/news/strives-sata-reaches-dollar100-par-and-buys-an-estimated-68-btc ↗Notes
Ticker correction: SATA is Strive Inc. preferred stock; no verified Satcrate-listed SATA security was found. Effective June 16, 2026 SATA pays cash dividends every business day (a U.S.-listed first); the 13.00% stated annual rate compounds to about a 13.88% effective annual yield. BTC-per-share is issuer BTC divided by reported SATA preferred shares and is included only as a reference metric; SATA does not provide direct bitcoin ownership. Not investment advice.
Not investment advice. Pledge provides comparison data for educational purposes only. This snapshot was checked 2026-06-21. Past performance does not guarantee future results.
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NAV estimates. NAV per share calculations use a reference BTC price and may not reflect all corporate assets, liabilities, debt, taxes, or operating costs.
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Not investment advice. Pledge provides comparison data for educational purposes only; it is not financial, investment, legal, or tax advice. Listed rates, terms, and scores can change and Pledge does not guarantee future availability, pricing, approval, or outcomes. Verify current terms with official sources before acting.
Affiliate disclosure. Pledge currently has no affiliate links, referral fees, or sponsored placements. If a paid relationship is ever added, it will be disclosed inline where it appears — and it will not affect rankings or scores.