MORE vs SATS
MORESATS
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In summary
Generated from the terms, not an opinionMORE pays a variable rate set by the issuer; SATS pays a fixed rate.
All are cumulative: unpaid dividends accrue.
MORE pays weekly, SATS pays each business day.
They are issued by different companies (Smarter Web Company PLC, Strive, Inc.), so their claims rank against different balance sheets.
They are denominated in different currencies (GBP, USD); figures are shown without FX conversion.
At the latest closes, effective yields were MORE 13.56%, SATS 15.76%, and prices stood at −11.50% vs par for MORE, −4.80% vs par for SATS.
Effective yield, six months
MORESATSBitcoin, right axisTerms, aligned
Rows above the line move with price| Term | MORE Smarter Web Company PLC | SATS Strive, Inc. |
|---|---|---|
| Last close | £88.50 | $95.20 |
| vs par | −11.50% | −4.80% |
| Effective yield | 13.56% | 15.76% |
| Stated rate | 12.00%, variable | 15.00%, fixed |
| Rate mechanism | Set by issuer | Fixed |
| Cumulative | Yes | Yes |
| Frequency | weekly | each business day |
| Next payment | — | 9 Nov 2026 |
| Rank within issuer | 1 (1 = most senior preferred) | 2 (1 = most senior preferred) |
| Redemption | Company has a redemption right; terms unverified (see prospectus). | Clean-up (<25% of all SATS ever issued outstanding) and tax redemptions only, at liquidation preference plus accumulated dividends. No general optional call. |
| Conversion | None | None |
| Listing, currency | LSE, GBP | Nasdaq, USD |
| Terms as of | 14 Oct 2026 | 20 Oct 2026 |