Strive
Takes as collateral: bitcoin
Events for this venue: dated moves past a published rule and levels crossed.
Dollar loans only: other currencies are separate books, never added in
Debt and rates count loans made in US dollars and dollar stablecoins. Loans in euros, francs, yen, ether or bitcoin itself are separate books, shown by currency on each venue, never added in.
- BTC held (issuer filings) — bitcoin the issuer holds and reports, not collateral pledged to its creditors: there is no lien on it.
- Dollar debt against bitcoin — registered debt financed by bitcoin the issuer holds — no lien on the coins, so not debt secured by them.
- Debt / BTC held — registered debt over the value of the bitcoin held — not an LTV: there is no lien.
- Borrow rate (USD loans) — the yield a holder of the issuer's listed instruments receives — the issuer's cost of this capital, with no lien behind it.
10 of 10 criteria researched. What the criteria are →
Markets — as served, not a venue rate
One row per market, as the venue publishes them. These are market rates: combining them into a single venue rate is a weighting across this venue's markets, and choosing one here would be a methodology decision taken in a web page.
No BTC market rows are served for this venue. This venue runs no contracts, so there is no market state to read — the absence is a property of the venue class, not a gap.
Price
What does credit cost here, and how is the price formed?
| Rate formation | administeredsourceCorporate paper: the rate is set by the issuer and its counterparties at issue, or by the board — administered. The board sets SATA's dividend rate each month and announces it by 8-K. No price-feedback framework like STRC's has been read for it. |
|---|---|
| Term structure | open_endedsourceStrive, Inc. — SATA is perpetual. It can be redeemed only "at the issuer's election, $110 per share plus accumulated and unpaid regular dividends". |
| Rate certainty | variablesourceStrive, Inc. — "a variable rate... per annum on the stated amount of $100 per share", set by the board and paid monthly (SEC EDGAR accession 0001628280-26-054985 (10-Q, period 2026-06-30)). Declared 13% for each month from 2026-07-01 to 2026-10-31; 12.25% to 13.00% since issue. |
Quality
What stands behind a position, and what can change under the reader?
| Oracle dependency | not_applicablesourceStrive, Inc. — the one registered instrument, SATA preferred stock, is not secured on bitcoin: nothing is marked to a price and no margin call exists. |
|---|---|
| Default & liquidation | not_applicablesourceStrive, Inc. — there is no collateral to liquidate. SATA is preferred stock: "senior to Strive's Class A common stock and Class B common stock" and "junior to Strive's existing and future indebtedness" (SEC EDGAR accession 0001628280-26-054985 (10-Q, period 2026-06-30)). |
| Custody & backing | not_applicablesourceStrive, Inc. — no bitcoin is held for or pledged to SATA holders. 19,864 BTC held at 2026-06-30 on the issuer's own balance sheet (SEC EDGAR accession 0001628280-26-054985 (10-Q, period 2026-06-30)); who holds the coins for the issuer is not recorded here. |
| Recourse | recoursesourceStrive, Inc. — a SATA holder's claim is an equity claim on the company as a whole: a $100 liquidation preference per share, behind all indebtedness and ahead of common stock (SEC EDGAR accession 0001628280-26-054985 (10-Q, period 2026-06-30)). It is not a claim on any asset. |
| Track record | 10 months observedsourceDerived from credit_venues.first_date (2025-11-06), the first daily price this dataset holds for the issuer's listed preferred stock. This is a LOWER BOUND on the venue's age, not the age itself: a venue trading long before we began reading it reads short here. Not typed, and not a claim about the venue's longevity. |
Composition
Who and what makes up this market?
| Collateral accepted | None pledged — 19,864 BTC on the issuer's balance sheet, no liensourceCorporate registry (registry/corporate_registry.yaml, strive_sata), as served 2026-09-30. 19,864 BTC held at 2026-06-30, against $783m of SATA at its stated amount. No lien exists over the issuer's bitcoin for these holders: the paper is financed BY the bitcoin on the balance sheet, not secured on it. |
|---|---|
| Book depth & concentration | unknown (no per-venue counterparty count exists in this registry or in the comparison payload, so depth and concentration cannot be established. This is a gap in THIS DATASET, not in the venue, and is a different value from `undisclosed`, which would mean the venue does not publish it.) |
| Observability | price: partial — SATA is priced daily from its NASDAQ close (EODHD) and its yield computed from the board's cited monthly declarations — from 2026-07-01 only, until the earlier months' 8-Ks are read. A holder's yield, not a borrower's rate. quantity: partial — Outstanding SATA and bitcoin held are read from the quarterly 10-Q (2026-06-30); the ATM programme changes the share count between filings, so the quantity is a quarterly snapshot. composition: none — Financed BY bitcoin, not backed by it: no lien on the coins and no loan-level data. Unobtainable, not unbuilt. |
What the loans are denominated in
| Borrowed in | Assets | Size (USD equivalent) | In the loan asset | Read by |
|---|---|---|---|---|
| US dollars | strive_sata | $783m | 782,950,200 strive_sata | issuer filings, 2026-06-30 |
Each currency is a separate book; the dollar equivalents compare sizes and are never added together.
Backing chain
source
The generic axis set
Identical for every venue, identically computed. An axis that cannot be computed here renders its reason — never silently omitted, because an omitted axis says it was not considered. A figure that covers only part of what the axis asks is marked, with what it leaves out beneath it. Collateral, debt and the borrow and lend rates are the tiles at the top of this page.
| Utilisation (venue roll-up) | not applicable — there is no pool of deposits here to be drawn |
|---|---|
| Intermediation margin | not applicable — needs both a borrow and a lend rate; the lend rate is not served here |
| Trailing realised average (7/30/90d) | unknown (not published by the venue) — a posted or filed rate has no daily series here |
| Rate volatility (30/90d) | unknown (not published by the venue) — a posted or filed rate has no daily series here |
| Spread to the pair aggregate | +1.65 pts vs Corporate · derived this venue's borrow rate minus its class's (11.63%), both as served on the spine /v1/market/tree — the venue's and its class's borrow rates |
| Spread to matched Treasuries | +9.18 pts vs the 1-month bill (4.10%) · derived the venue's borrow rate minus the 1-month bill, both continuously compounded. Loans here carry terms of their own, which the bill does not match: it is the same 30-day reference used for every venue, not a matched maturity macro_rates — the 1-month Treasury bill, 2026-10-14 (Federal Reserve H.15) |
| Origination flow | unknown (not published by the venue) — the venue publishes no loan-by-loan flow |
| Repayment flow | unknown (not published by the venue) — the venue publishes no loan-by-loan flow |
| Aggregate and distributional LTV | 29.1% · analogue registered debt over the value of the bitcoin held — not an LTV: there is no lien; the aggregate only — no distribution is read here SEC EDGAR filings |
| Residence distribution | unknown (not published by the venue) — the venue publishes no loan durations |
| Liquidation incidence | not applicable — no lien, so nothing is liquidated |
| Top-10 concentration share | unknown (not published by the venue) — the venue publishes no borrower distribution |
There is no score on this page and none will be added. The criteria are published and versioned before any venue is measured against them, and this venue's row is produced by the same pipeline as every other.
Access routes
Unknown (not surveyed yet). No one has looked for an MCP server for this venue. That is not the same as having looked and found none, and this row will not say the second while meaning the first. The listing criteria are published.
Bitcoin held, by filing
Each filled point is a total a filing states, and stands until the next. Each hollow point is the last filed total plus the purchases filed since; it is confirmed or corrected when the next total is filed, and is not counted in any figure.
- Bought 2,822 BTC from 2026-10-12 to 2026-10-13, at an average of $83,266 · 8-K, filed 2026-10-14 · 0001628280-26-065816
What the filing says
The Company also announced that from the period of October 12, 2026 through October 13, 2026, Strive purchased 2,822 bitcoin at an average price of approximately $83,266 per bitcoin, inclusive of fees and expenses.
- Two filings state different totals for 2025-12-31: 7,627 BTC (10-K · 0001628280-26-019879, the later, stands) and 7,627 BTC (8-K, filed 2026-01-05 · 0001628280-26-000225).
Instruments issued
| Instrument | Type | Status |
|---|---|---|
| SATA › | perpetual preferred | outstanding |
In the order the dataset carries them, not ranked. Every instrument →
Ask for this by machine
| REST | GET https://api.bitcoincreditstack.com/v1/market/venues/corp_strive |
|---|---|
| MCP | get_venue({ venue_id: "corp_strive" }) get_venue({ venue_id: "corp_strive", include: ["axes", "headline"] }) |
The same figures, the same names and dates. Connect your AI →
How this venue compares depends on what you'd borrow, for how long, against what. That's a question for your AI, with this data behind it.
https://mcp.bitcoincreditstack.com/mcp