SATS vs STRD
SATSSTRD
Permanent link to this comparison
21dc.com/compare/sats-vs-strd
In summary
Generated from the terms, not an opinionAll 2 pay a fixed rate.
STRD is non-cumulative: a dividend that is not declared does not accrue.
SATS 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 SATS 15.76%, STRD 14.18%, and prices stood at −4.80% vs par for SATS, −29.48% vs par for STRD.
Effective yield, six months
SATSSTRDBitcoin, right axisTerms, aligned
Rows above the line move with price| Term | SATS Strive, Inc. | STRD Strategy Inc. |
|---|---|---|
| Last close | $95.20 | $70.52 |
| vs par | −4.80% | −29.48% |
| Effective yield | 15.76% | 14.18% |
| Stated rate | 15.00%, fixed | 10.00%, fixed |
| Rate mechanism | Fixed | Fixed |
| Cumulative | Yes | No |
| Frequency | each business day | quarterly |
| Next payment | 9 Nov 2026 | — |
| Rank within issuer | 2 (1 = most senior preferred) | 5 (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. | 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 | 20 Oct 2026 | 10 Jun 2025 |