Strive’s SATA Preferred Stock Reaches $100 Stated Amount

TLDR

• Strive offers 1,250,000 shares at $100 each.
• SATA’s annual dividend rate is raised to 12.25%.
• Strive acquired 1,567 bitcoin at an average price of $103,315.

Strive’s Variable Rate Series A Perpetual Preferred Stock (SATA), listed on Nasdaq, is under spotlight as it approaches its $100 stated amount per share. This preferred equity stock is involved in normal secondary-market trading around that fixed amount.

Strive, Inc., an asset management and financial services company, is the issuer of SATA stock. Strive uses proceeds from this preferred equity to purchase bitcoin and other bitcoin-related products, aiming to generate income. The CEO of the company is Matthew Ryan Cole.

Offering Terms and Use of Proceeds

The SATA offering terms indicate that Strive offers 1,250,000 shares at a $100 stated amount per share. The initial liquidation preference is also valued at $100 per share with a variable dividend initially set at 12% per annum, which is payable monthly.

The company has raised the annual dividend rate to 12.25%, equivalent to $12.25 per share annually, as per the Nasdaq press release. The next dividend, valued at $1.0208 per share, is scheduled for payment on January 15, 2026, to holders of record as of January 1, 2026.

Capital Raised and Bitcoin Acquisition

Strive has conducted an upsized Initial Public Offering (IPO) of SATA, as announced by the company in November 2025. According to a SEC Filing, they reported acquiring 1,567 bitcoin at an average price of $103,315 and held 7,525 bitcoin in total.

The company’s ATM program allows for the sale of up to $500,000,000 aggregated offering price of SATA, while the IPO reportedly raised $160 million in preferred stock. However, these figures appear in secondary sources, not directly confirmed in the SEC filing.

Nasdaq Listing and Institutional Accessibility

SATA is a Nasdaq-listed preferred equity security, making it accessible for both institutional and retail investors. Although no specific anchor institutions were mentioned, the security is treated as standard preferred equity issuance.

Strive has positioned SATA as a tool for investors interested in bitcoin accumulation, providing an income-generating vehicle through this structured security. Detailed information on the IPO and Nasdaq listing can be found on Strive’s investor relations page.

SATA Impact on Bitcoin and Crypto Market

The direct cryptocurrency linked to Strive’s investments via SATA is bitcoin. Proceeds are used to acquire bitcoin and bitcoin-related products. However, there is no indication that SATA proceeds are used for Ethereum or other altcoins.

While Strive contributes indirectly to on-chain data through its bitcoin holdings, the SATA itself is not a cryptocurrency or DeFi product and does not influence total value locked (TVL) or liquidity pools within the blockchain ecosystem.