Strive’s SATA recovers most of June decline, trades within 3% of par
Strive’s SATA preferred shares have rebounded from a June low of $83.30 to about $97, nearly returning to their $100 par value. SATA was introduced in November 2025 to fund Strive’s Bitcoin treasury expansion through variable-rate perpetual preferred stock, designed to stay near par by adjusting dividends instead of issuing more common shares. SATA is part of a growing “digital credit” market of Bitcoin-tied preferred products. Strategy’s similar STRC also dropped during the late-June selloff but has recovered only partially and still trades below par at around $87. Strive now ranks seventh among public Bitcoin treasury companies with 19,921 BTC, while Strategy remains first with 843,775 BTC. Samson Mow said improving performance in these products may restore confidence across the sector and help STRC move back toward par, arguing the model is not broken and companies remain funded for years of dividends.
