SATA vs STRE
SATASTRE
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In summary
Generated from the terms, not an opinionSATA pays a variable rate set by the issuer; STRE pays a fixed rate.
All are cumulative: unpaid dividends accrue.
SATA pays each business day, STRE pays quarterly.
They are issued by different companies (Strive, Inc., Strategy Inc.), so their claims rank against different balance sheets.
They are denominated in different currencies (USD, EUR); figures are shown without FX conversion.
Effective yield, six months
SATASTREBitcoin, right axisTerms, aligned
Rows above the line move with price| Term | SATA Strive, Inc. | STRE Strategy Inc. |
|---|---|---|
| Last close | $97.98 | — |
| vs par | −2.02% | — |
| Effective yield | 13.27% | — |
| 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 | Yes |
| Frequency | each business day | quarterly |
| Next payment | 30 Nov 2026 | — |
| Rank within issuer | 1 (1 = most senior preferred) | 3 (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 accumulated/unpaid dividends. |
| Conversion | None | None |
| Listing, currency | Nasdaq, USD | LuxSE Euro MTF, EUR |
| Terms as of | 13 Oct 2026 | 13 Nov 2025 |