The Bitcoin Credit Stack
rates are percent a year, continuously compounded · figures as of 2026-10-15 · read 2026-10-16 04:01 UTC
Market › Corporate › Strive › SATA

SATA

strive_sata

Terms

IssuerStrive, Inc.
TickerSATA
Typeperpetual preferred
Rate policynot stated
Rate policy terms
TitleVariable Rate Series A Perpetual Preferred Stock
Variableyes
StructureBoard-set, "a variable rate ... per annum on the stated amount of $100 per share", paid in monthly instalments (R18). No price-feedback framework has been read for SATA, so rate_policy is left NULL rather than asserting STRC's mechanism; the CHECK admits no plain board-set-variable value.
Par anchor100
Redemptionat the issuer's election, $110 per share plus accumulated and unpaid regular dividends (R18)
Reset cadencemonthly
Declared rates
0
From2026-07-01
SourceSEC EDGAR accession 0001628280-26-043013 (8-K, 2026-06-15), "maintained the regular dividend rate per annum on the Company's SATA Stock at 13.00%, effective for periods commencing on or after July 1, 2026"
Rate %13
1
From2026-08-01
SourceSEC EDGAR accession 0001628280-26-048231 (8-K, 2026-07-14), "maintained ... at 13.00%, effective for periods commencing on or after August 1, 2026"
Rate %13
2
From2026-09-01
SourceSEC EDGAR accession 0001628280-26-056908 (8-K, 2026-08-13), "maintained ... at 13.00%, effective for periods commencing on or after September 1, 2026"
Rate %13
3
From2026-10-01
SourceSEC EDGAR accession 0001628280-26-061949 (8-K, 2026-09-14), "maintained ... at 13.00%, effective for periods commencing on or after October 1, 2026"
Rate %13
Rate range since issue12.25% to 13.00% (R52); per-month history before 2026-07-01 not yet read
Declared rates known through2026-10-31
Cumulativeyes
Seniority rank1
Maturitynot stated
Liquidation preference100
Outstanding782,950,200 USD
CurrencyUSD
USD translation (issuer-filed)not stated
Statusoutstanding
Source for the seniority ranking

SEC EDGAR accession 0001628280-26-054985 (10-Q, period 2026-06-30), R18: "The SATA Stock ranks senior to Strive's Class A common stock and Class B common stock" and "The SATA Stock is junior to Strive's existing and future indebtedness." Rank 1 of the REGISTERED stack because no indebtedness is registered: R2 shows total liabilities of $28,581 thousand with no notes-payable line at 2026-06-30 (the assumed Semler notes were extinguished or converted in January).

Market

Last sale (IEX)$97.90
Price date2026-10-14
Price sourceiex_hist
Confidencelast_sale
Declared rate13.00%
Effective yield13.28%
Attachment point48.4%
Coverage ratio2.0675
Coverage as of2026-06-30

Issuer bitcoin holdings

Holdings, read from a filing32,773 BTC as of 2026-10-09 · 8-K, filed 2026-10-13 · 0001628280-26-065595
What the filing says
As of October 2, 2026 As of October 9, 2026 Change Cash and cash equivalents (in thousands) $ 284,700 $ 310,300 $ 25,600 Fair value of STRC Stock (in thousands) $ 50,202 $ 50,328 $ 126 Shares of STRC held 505,000 505,000 - Bitcoin held 29,462 32,773
Holdings, derived from filed purchases35,595 BTC as of 2026-10-13 · the 2026-10-09 total plus 1 filed purchase since
not yet confirmed by a filing. Display only: not used in any figure on this page.

Valued in the payload at $82,161 as at 2026-10-15. Holdings and price carry different as-of dates and are not restated to a common one.

What the returns below are, and are not.

No dividend-payment record exists in this database and accrued_flag is null on every row, so income is what the terms accrue, not what was confirmed paid. For a cumulative preferred that difference is the credit question.

Returns

PeriodEntryDaysEntry priceExit priceIncomePriceTotal
1m2026-09-1430$100.00$97.901.07%-2.10%-1.04%
2m2026-08-1461$99.23$97.902.19%-1.35%0.84%
3m2026-07-1492$97.78$97.903.35%0.12%3.47%
6m2026-04-14183$97.92$97.903.86%-0.02%3.84%
inception2025-11-11337$92.36$97.904.09%6.00%10.09%

Only the income leg behaves like a rate. Annualising a total return over a short holding period multiplies a price move rather than measuring a yield - a 5% one-month move annualises past 70%. Rows under 90 days carry short_period_annualisation_warning (PC-10).

Trailing windows

Lookback windows are not maturities. These instruments are perpetual and have no tenor, so this profile never shares an axis or a legend with a tenor-axis chart, and is never drawn as a fitted curve (PC-8).

Window (days)ObservationsStartMean effective yieldMean declaredFull window
752026-10-0813.15%13.00%yes
14102026-10-0113.08%13.00%yes
30222026-09-1513.04%13.00%yes
60422026-08-1713.03%13.00%yes
90632026-07-1713.11%13.00%yes
1801242026-04-2013.15%13.00%yes
3652292025-11-1113.15%13.00%no

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MCP
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As of 2026-10-14

Data provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. IEX

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