Strive Perpetual Preferred Stock, achieves a record high face value of $100 for the first time... Flexibility in Bitcoin acquisition

BridgeJumper · 2026-01-28T21:05:23+00:00

Strive's SATA preferred shares have reached a historic $100 par value, allowing for increased Bitcoin holdings through further funding. Offering a 12% dividend yield, the shares attract significant investor interest. The structure supports a positive cycle of growth and returns, positioning Strive competitively against Strategy's similar product, STRC.

BridgeJumper

2026-01-28 21:05:23

Abstract generation in progress

Bitcoin Reserve Company Strive’s perpetual preferred stock (SATA) recently reached an all-time high of $100 par value per share for the first time in history. This development has opened up opportunities for the company to continuously expand its Bitcoin holdings through additional fundraising. According to industry media PANews, citing CoinDesk data, this achievement is regarded as a significant milestone in the preferred stock market.

Why the 12% dividend yield preferred stock attracts market attention

SATA offers a 12% annual dividend yield, with a real yield of 12.2%. Such high returns have garnered strong investor interest and driven premiums trading above face value. Currently, Strive holds 12,797 Bitcoins, and its common stock price is around $0.94. The preferred stock structure, traded based on face value, is designed to simultaneously implement the company’s long-term growth strategy and generate investor returns.

Funding Bitcoin purchases and establishing a virtuous cycle

When traded above face value, Strive can utilize at-the-money (ATM) issuance channels to raise new funds. These funds are immediately used for Bitcoin acquisitions, strengthening the company’s cryptocurrency reserve. This creates a virtuous cycle where preferred stock investors’ returns and the company’s growth reinforce each other.

Comparing with competitor Strategy’s STRC and market leadership competition

Another Bitcoin reserve company, Strategy, also operates a similar product called Stretch (STRC). The structures of the two preferred stocks are nearly identical, with STRC reaching face value earlier this month. Last week, STRC’s trading volume hit $755 million, with $582 million traded at premiums above face value, setting a record for weekly trading volume. It is worth watching how the competition between these two preferred stocks will evolve in the market.

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