SATA vs STRD
SATASTRD
Permanent link to this comparison
21dc.com/compare/sata-vs-strd
In summary
Generated from the terms, not an opinionSATA pays a variable rate set by the issuer; STRD pays a fixed rate.
STRD is non-cumulative: a dividend that is not declared does not accrue.
SATA pays each business day, STRD pays quarterly.
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%, STRD 14.18%, and prices stood at −2.02% vs par for SATA, −29.48% vs par for STRD.
Effective yield, six months
SATASTRDBitcoin, right axisTerms, aligned
Rows above the line move with price| Term | SATA Strive, Inc. | STRD Strategy Inc. |
|---|---|---|
| Last close | $97.98 | $70.52 |
| vs par | −2.02% | −29.48% |
| Effective yield | 13.27% | 14.18% |
| Stated rate | 13.00%, variable | 10.00%, fixed |
| 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). | Fixed |
| Cumulative | Yes | No |
| Frequency | each business day | quarterly |
| Next payment | 30 Nov 2026 | — |
| Rank within issuer | 1 (1 = most senior preferred) | 5 (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. | Clean-up (<25% outstanding) and tax redemptions only, at liquidation preference plus declared and unpaid dividends. |
| Conversion | None | None |
| Listing, currency | Nasdaq, USD | Nasdaq, USD |
| Terms as of | 13 Oct 2026 | 10 Jun 2025 |