pledge
Strive SATA
SATA is a listed Strive preferred security, not a stablecoin or a redeemable Bitcoin product.
What SATA actually is.
Strive does not publish an api.strategy.com-style KPI feed for ASST, so live price, 30-day volatility, and BTC correlation are not tracked here the way they are for the Strategy series. These are the facts Strive discloses.
What if I parked dollars in SATA?
Same money. Three years. Model your own scenario — yield rate, holding period, tax treatment — and see the dividend outcome vs a yield-free dollar stablecoin baseline. An educational projection, not advice.
Educational projection only — not investment or tax advice. Assumes no dividend cut, no price change, no reinvestment. Federal-only tax. SATA is a security, not a stablecoin — see the profile for full risk disclosure.
SATA vs the other dollar products.
The research angle.
SATA is the second listed Variable-Rate Perpetual Preferred in the Digital Credit category and the first non-Strategy issuance with the same structural design. Including it gives readers a public-market comparison point against STRC at a different issuer scale.
Same score, different shape.
Each spoke is one of the eight factors behind Strive SATA's 7.2/10, plotted 0–10 and ordered by methodology weight. The filled shape is the product's risk profile. Two products can share an overall score and still have opposite silhouettes — a balanced octagon is a very different risk than a spike on one axis with thin edges everywhere else. Strive SATA is strongest on smart contract / bridge (9/10) and thinnest on backing source (6.4/10).
The 8-factor breakdown.
Strive describes SATA as a perpetual preferred whose dividend payments are supported by ~18 months of cash and marketable securities on hand plus the company’s Bitcoin treasury (~15,009 BTC as of the May 2026 update). It should be read through Strive issuer credit, preferred-stock terms, and the company’s broader Bitcoin treasury strategy rather than through token-reserve mechanics.
Exit is through public securities-market liquidity, not onchain redemption. Brokerage access, bid/ask spread, the targeted trading band, and Strive issuer-credit conditions matter more than smart-contract redemption mechanics.
SATA is not a dollar stablecoin. Strive targets a $99–$101 trading range to minimize volatility, but any price stability comes from the preferred-stock structure, market liquidity, and dividend mechanics, not from a token redemption peg.
SATA offers a 13.00% variable headline annual dividend, transitioning from monthly to daily payments on 2026-06-16. Strive has indicated SATA dividends are treated as Return of Capital (tax-deferred for US investors); confirm against Strive’s official tax guidance before relying on it. Headline rate, declaration cadence, and tax treatment can change — verify current terms before relying on the number.
Overall score = 7.21 under the Bitcoin-holder Digital Credit standard. SATA scores well on public-market disclosure, listed-market exit, and an STRC-style narrow-band design, but loses points for smaller issuer scale, thinner float and trading depth than Strategy’s preferred stack, and a shorter public track record — plus the underlying claim is Strive issuer credit, not a collateralized claim on Strive’s bitcoin holdings.
Overall score = 7.21 under the Bitcoin-holder Digital Credit standard. SATA scores well on public-market disclosure, listed-market exit, and an STRC-style narrow-band design, but loses points for smaller issuer scale, thinner float and trading depth than Strategy’s preferred stack, and a shorter public track record — plus the underlying claim is Strive issuer credit, not a collateralized claim on Strive’s bitcoin holdings.
Overall score = 7.21 under the Bitcoin-holder Digital Credit standard. SATA scores well on public-market disclosure, listed-market exit, and an STRC-style narrow-band design, but loses points for smaller issuer scale, thinner float and trading depth than Strategy’s preferred stack, and a shorter public track record — plus the underlying claim is Strive issuer credit, not a collateralized claim on Strive’s bitcoin holdings.
Overall score = 7.21 under the Bitcoin-holder Digital Credit standard. SATA scores well on public-market disclosure, listed-market exit, and an STRC-style narrow-band design, but loses points for smaller issuer scale, thinner float and trading depth than Strategy’s preferred stack, and a shorter public track record — plus the underlying claim is Strive issuer credit, not a collateralized claim on Strive’s bitcoin holdings.
The receipts.
Every figure on Strive SATA traces to a primary document. These are the ones we read — open any of them.