Strive’s SATA Preferred Shares Climb Back Near Par Value After June Slump

Strive’s SATA preferred shares have bounced back sharply from a June low of $83.30 to around $97, recovering most of the earlier decline and moving within roughly 3% of their $100 par value. The rebound marks a notable turnaround for the Bitcoin treasury company’s preferred equity product.

SATA Structure Aims To Support Bitcoin Treasury Growth

Strive launched SATA in November 2025 as a variable-rate perpetual preferred stock designed to stay close to its $100 par value by adjusting dividend payouts. The structure allows Strive to raise capital for its bitcoin holdings without issuing more common shares. Strive currently ranks seventh among public Bitcoin treasury companies, holding 19,921 BTC, while Strategy remains the largest holder with 843,775 BTC.

Analyst Sees Broader Confidence Returning To Preferred Products

Jan3 CEO Samson Mow said the recovery in SATA reflects growing confidence in preferred-share products tied to Bitcoin treasury strategies, adding that similar efforts by Strategy to strengthen its STRC shares appear to be working as well. He noted that as these products return toward par value, it signals the underlying model remains sound and that companies remain well capitalized for years of dividend payments.