SATA vs STRC
SATASTRC
Permanent link to this comparison
21dc.com/compare/sata-vs-strc
In summary
Generated from the terms, not an opinionAll 2 pay a variable rate.
All are cumulative: unpaid dividends accrue.
SATA pays each business day, STRC pays twice a month.
They are issued by different companies (Strive, Inc., Strategy Inc.), so their claims rank against different balance sheets.
At the latest closes, effective yields were SATA 13.27%, STRC 12.00%, and prices stood at −2.02% vs par for SATA, −0.01% vs par for STRC.
Effective yield, six months
SATASTRCBitcoin, right axisTerms, aligned
Rows above the line move with price| Term | SATA Strive, Inc. | STRC Strategy Inc. |
|---|---|---|
| Last close | $97.98 | $99.99 |
| vs par | −2.02% | −0.01% |
| Effective yield | 13.27% | 12.00% |
| Stated rate | 13.00%, variable | 12.00%, variable |
| Rate mechanism | Issuer may adjust the monthly rate at its sole discretion with notice before the period starts. Cuts limited to 25bp plus the decline in monthly SOFR over the prior period, may not go below monthly SOFR, and are only allowed if all accumulated dividends are paid and the prior period's average price is >= $99 (and, for the first 3 months, a 20-day average above $100). | Issuer may set the rate each period at its sole discretion, but may not cut it (i) by more than 25bp plus the decline in one-month term SOFR over the prior period, or (ii) below one-month term SOFR; no cut allowed while any accumulated dividends are unpaid. Rate announced via strategy.com/strc. |
| Cumulative | Yes | Yes |
| Frequency | each business day | twice a month |
| Next payment | 30 Nov 2026 | 31 Oct 2026 |
| Rank within issuer | 1 (1 = most senior preferred) | 2 (1 = most senior preferred) |
| Redemption | Optional redemption of all or part at $110 (or higher at issuer's discretion) plus accumulated dividends, any time after listing; partial only if >= $50m stated amount stays outstanding. Also clean-up (<25%) and tax redemptions at liquidation preference. | Optional redemption of all or part at $101 (or higher at issuer's discretion) plus accumulated/unpaid dividends, any time after listing; partial redemption only if >= $250m stated amount remains outstanding. Also clean-up (<25% outstanding) and tax redemptions at liquidation preference. |
| Conversion | None | None |
| Listing, currency | Nasdaq, USD | Nasdaq, USD |
| Terms as of | 13 Oct 2026 | 30 Jun 2026 |