SATS vs STRC
SATSSTRC
Permanent link to this comparison
21dc.com/compare/sats-vs-strc
In summary
Generated from the terms, not an opinionSATS pays a fixed rate; STRC pays a variable rate set by the issuer.
All are cumulative: unpaid dividends accrue.
SATS 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 SATS 15.76%, STRC 12.00%, and prices stood at −4.80% vs par for SATS, −0.01% vs par for STRC.
Effective yield, six months
SATSSTRCBitcoin, right axisTerms, aligned
Rows above the line move with price| Term | SATS Strive, Inc. | STRC Strategy Inc. |
|---|---|---|
| Last close | $95.20 | $99.99 |
| vs par | −4.80% | −0.01% |
| Effective yield | 15.76% | 12.00% |
| Stated rate | 15.00%, fixed | 12.00%, variable |
| Rate mechanism | Fixed | 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 | 9 Nov 2026 | 31 Oct 2026 |
| Rank within issuer | 2 (1 = most senior preferred) | 2 (1 = most senior preferred) |
| Redemption | Clean-up (<25% of all SATS ever issued outstanding) and tax redemptions only, at liquidation preference plus accumulated dividends. No general optional call. | 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 | 20 Oct 2026 | 30 Jun 2026 |