Bitcoin News
By Pankaj K
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SATA vs. STRC: Two Products, Two Recovery Stories. SATA isn't the only preferred share in this corner of the market.
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Where Strive and Strategy Actually Stand. Strive holds 19,921 BTC, which puts it seventh among public corporate Bitcoin holders.
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What the SATA Rebound Actually Means. A bounce from $83.30 to $97 is real money. For investors who bought at the bottom, that's a…
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Strive's SATA preferred shares are sitting near $97 right now. That's pretty much back to their $100 par value after a rough June that pushed them down to $83.
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SATA launched in November 2025 with a specific job to do: help Strive grow its Bitcoin treasury without printing more common shares.
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SATA isn't the only preferred share in this corner of the market. Strategy — the largest public corporate Bitcoin holder by a wide margin — runs a similar product called STRC,…
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The gap between $97 and $87 sounds small. It's not, really. For instruments designed specifically to hold near $100, that $13 difference on STRC is a pretty loud signal that…
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That's the core tension here. Preferred shares are supposed to be the boring, stable part of a capital structure. Tying them to Bitcoin treasury strategies makes them anything but.
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Strive holds 19,921 BTC, which puts it seventh among public corporate Bitcoin holders. That's a real position — not trivial.
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Related: Smarter Web Sells 177 BTC at $65,762 to Kill 7.7 Million Potential Shares
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The Bitcoin treasury company model has spread fast. Firms raise capital through equity or debt instruments, park the proceeds in Bitcoin, and hope the asset appreciates faster…
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Lyn Alden's Orange Juice treasury company started operations on July 15. It's a new entrant with a different angle — a lower Bitcoin cost basis, which could attract investors who…
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But "near par" isn't "at par." And the variable-rate mechanism that's supposed to keep SATA anchored at $100 clearly didn't prevent June's drop. That's worth sitting with.
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Related: BitMEX Hit With 622 BTC Class Action Suit Filed in Southern District of New York
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Strategy's STRC sitting at $87 is probably the more cautionary data point here. Same structure, same vintage, same general purpose — and it hasn't recovered the same ground.
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