Strive's SATA preferred shares recovered to approximately $97 from a June low of $83.30, moving back within roughly 3% of their $100 par value, according to Yahoo Finance data. The rebound reversed most of the June selloff that affected Bitcoin treasury-linked preferred equity products. Strive introduced SATA in November 2025 as part of its strategy to finance Bitcoin treasury expansion through variable-rate perpetual preferred stock designed to trade near par value by adjusting dividend rates.
Strive Introduced SATA as Variable-Rate Bitcoin Treasury Financing Tool
Strive introduced SATA in November 2025 as part of its strategy to finance the expansion of its Bitcoin treasury through preferred equity. The variable-rate perpetual preferred stock is intended to trade near its $100 par value by adjusting its dividend rate, allowing Strive to raise capital for its Bitcoin (BTC) treasury without issuing additional common shares.
SATA is one of a growing number of preferred-share products tied to Bitcoin treasury strategies, an emerging segment that companies such as Strategy describe as "digital credit."
Strategy's STRC, launched in 2025 with a similar objective of maintaining a $100 share price through a variable dividend, also fell sharply during the late-June selloff before recovering, though it continues to trade below par at around $87.
![SATA year-to-date price chart]()
SATA year-to-date price chart. Source: Yahoo Finance
Strategy Holds 843,775 BTC While Strive Ranks Seventh with 19,921 BTC
Strategy remains the world's largest public corporate Bitcoin holder with 843,775 BTC, according to BitcoinTreasuries.NET. Strive has climbed to seventh place with 19,921 BTC.
![Top 10 Bitcoin treasury companies]()
Top 10 Bitcoin treasury companies. Source: BitcoinTreasuries.NET
Mow States SATA Recovery Could Support STRC Return to Par
Jan3 founder and CEO Samson Mow told Cointelegraph that recent adjustments by Bitcoin treasury companies are beginning to restore confidence in preferred-share products. "I think every action that Strategy has undertaken to strengthen their balance sheet and encourage STRC to go back to par is also working," Mow said.
Mow added: "But everything sort of works in tandem. I think as SATA returns to par, you're going to see STRC return to par too, because people say, 'OK, this model's not broken.' Everyone is capitalized for three or more years of dividend payments... there was no reason to panic all along."
Mow said the improving performance of preferred-share products is part of a broader shift in the Bitcoin treasury sector, where companies have continued refining their capital-raising strategies. He pointed to Lyn Alden's Orange Juice treasury company, which launched on July 15 with plans to operate a Bitcoin treasury, as another example of firms entering the market with different approaches and a lower Bitcoin cost basis.
![Samson Mow interview with Cointelegraph]()
Samson Mow interview with Cointelegraph. Source: Cointelegraph
FAQ
What is Strive's SATA preferred share and what price did it recover to?
Strive's SATA is a variable-rate perpetual preferred stock introduced in November 2025 to finance Bitcoin treasury expansion. SATA recovered to approximately $97 from a June low of $83.30, moving back within roughly 3% of its $100 par value, according to Yahoo Finance data.
How much Bitcoin does Strive hold compared to Strategy?
Strategy remains the world's largest public corporate Bitcoin holder with 843,775 BTC, while Strive has climbed to seventh place with 19,921 BTC, according to BitcoinTreasuries.NET.
What did Samson Mow say about SATA's recovery affecting STRC?
Jan3 CEO Samson Mow told Cointelegraph that as SATA returns to par, STRC will also return to par because "people say, 'OK, this model's not broken.'" He stated that all companies are capitalized for three or more years of dividend payments and there was no reason to panic.
