Strive’s SATA rebounds, trades within 3% of $100 par

Strive’s SATA preferred shares moved from a June low of $83.30 to about $97, recovering much of a late‑June selloff and trading within roughly 3% of their $100 par value.

Strive introduced SATA in November 2025 to raise preferred equity for expanding its Bitcoin treasury. The security is a variable‑rate perpetual preferred that adjusts its dividend rate with the aim of keeping the share price close to $100 while allowing the company to raise capital without issuing more common stock.

Trading data show SATA fell sharply in late June before climbing back toward par in recent weeks. A similar preferred product, STRC, launched in 2025 by another corporate Bitcoin holder, also plunged during the same period and is trading below par at about $87.

A public treasury tracker lists the largest corporate Bitcoin holders. The tracker shows one company holding about 843,775 BTC, while Strive holds roughly 19,921 BTC and ranks seventh among public corporate holders.

Samson Mow, founder and CEO, commented that recent balance‑sheet adjustments by Bitcoin treasury companies are restoring investor confidence in preferred‑share products and noted that firms have conserved liquidity to cover dividend obligations. He said, “I think every action that Strategy has undertaken to strengthen their balance sheet and encourage STRC to go back to par is also working. But everything sort of works in tandem. I think as SATA returns to par, you’re going to see STRC return to par too… Everyone is capitalized for three or more years of dividend payments… there was no reason to panic all along.”

Other firms have launched or announced preferred‑style products tied to corporate Bitcoin treasuries, including a July 15 launch that described plans to operate a Bitcoin treasury with a lower cost basis for its holdings.

Variable‑rate perpetuals pay adjustable dividends intended to limit price volatility by steering the share price toward par. The late‑June selloff tested that design; recent recoveries have coincided with continued issuer adjustments to dividends and balance sheets.

Market participants continue to issue and revise preferred‑share offerings linked to Bitcoin treasuries as companies manage capital needs, dividend coverage and exposure to Bitcoin price swings.