SATA vs STRF

SATASTRF

Permanent link to this comparison
21dc.com/compare/sata-vs-strf

In summary

Generated from the terms, not an opinion

SATA pays a variable rate set by the issuer; STRF pays a fixed rate.

All are cumulative: unpaid dividends accrue.

SATA pays each business day, STRF 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%, STRF 9.74%, and prices stood at −2.02% vs par for SATA, +2.67% vs par for STRF.

SATASTRFBitcoin, right axis

Daily closes, each divided into the current stated rate. As of 29 Oct 2026.

Rows above the line move with price

Term	SATA Strive, Inc.	STRF Strategy Inc.
Last close	$97.98	$102.67
vs par	−2.02%	+2.67%
Effective yield	13.27%	9.74%
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)	1 (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.	Issuer may redeem all (not part) only if outstanding shares < 25% of all shares ever issued (clean-up), or on a tax event, at the then liquidation preference plus accumulated/unpaid dividends. No general optional call.
Conversion	None	None
Listing, currency	Nasdaq, USD	Nasdaq, USD
Terms as of	13 Oct 2026	25 Mar 2025