PreferredActive$SATABTC
SATA
$10.63▲ 10.27%
BTC Holdings
13,741 BTC
Total Debt
$457.32M
Leverage
0.0%
mNAV
0.75x
Notional
$437.32M
Issue date
2025-11-10
Price
$98.21▲ 0.08%
Dividend / Share
$12.75/yr
Face Value
$100
Eff. Yield
12.98%
Mkt Cap
$429.49M
Shares Outs.
4,373,194
Market ClosedApr 12, 2026 20:14 UTC
Terms & Documentation
Terms
- BTC strategy
- Yes
- Ranking
- Senior to common stock
- Liquidation preference
- $100 per share (stated amount); adjusts upward to greatest of: stated amount, last sale price on prior trading day if issuing new shares, or 10-day trailing average of last reported sale prices
- Cumulative
- Yes
- Payment frequency
- Monthly
- Payment dates
- 15
- Rate type
- Floating
- Rate reference
- Variable at issuer discretion; initial rate 12% p.a.; floor tied to 1-month term SOFR; max reduction of 25 bps plus SOFR decrease per period
- Call provision
- Redeemable at any time at $110/share (or higher at issuer discretion) plus accumulated unpaid dividends. Partial redemption requires >=$50M stated amount remaining. Clean-up redemption if <25% of all SATA shares ever issued remain. Tax event redemption at liquidation preference plus accumulated unpaid dividends.
Sources(2)
- Form 8-K (SATA IPO Closin…FilingForm 8-K (SATA IPO Closing)Exhibit 99.1Strive Inc. — 2025-11-10
- Form 8-K (SATA follow-on …FilingForm 8-K (SATA follow-on pricing)Exhibit 99.1Strive, Inc. — 2026-01-22
Participants
Holders & Underwriters(3)
- Form 8-K (SATA follow-on …Barclays Capital Inc.underwriteras of 2026-01-22Joint book-running manager for SATA follow-on offering
- Form 8-K (SATA follow-on …Cantor Fitzgerald & Co.underwriteras of 2026-01-22Joint book-running manager for SATA follow-on offering
- Form 8-K (SATA follow-on …Clear Street LLCunderwriteras of 2026-01-22Co-manager for SATA follow-on offering
Outstanding History
Outstanding history(5)
| As of | Shares Outstanding | Source |
|---|---|---|
| 2026-04-02 | 4,373,194 | Form 8-K (BTC treasury up… |
| 2026-03-17 | 4,275,118 | Q4 2025 Financial Results |
| 2026-02-11 | 4,265,518 | Form 8-K (Dividend Rate I… |
| 2025-12-31 | 2,012,729 | Form 8-K (Q4 2025 Prelimi… |
| 2025-11-10 | 2,000,000 | Form 8-K (SATA IPO Closin… |
- 2026-04-02 — 4,373,194 sharesForm 8-K (BTC treasury up…
- 2026-03-17 — 4,275,118 sharesQ4 2025 Financial Results
- 2026-02-11 — 4,265,518 sharesForm 8-K (Dividend Rate I…
- 2025-12-31 — 2,012,729 sharesForm 8-K (Q4 2025 Prelimi…
- 2025-11-10 — 2,000,000 sharesForm 8-K (SATA IPO Closin…