SATS vs STRF
SATSSTRF
Permanent link to this comparison
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In summary
Generated from the terms, not an opinionAll 2 pay a fixed rate.
All are cumulative: unpaid dividends accrue.
SATS 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 SATS 15.76%, STRF 9.74%, and prices stood at −4.80% vs par for SATS, +2.67% vs par for STRF.
Effective yield, six months
SATSSTRFBitcoin, right axisTerms, aligned
Rows above the line move with price| Term | SATS Strive, Inc. | STRF Strategy Inc. |
|---|---|---|
| Last close | $95.20 | $102.67 |
| vs par | −4.80% | +2.67% |
| Effective yield | 15.76% | 9.74% |
| Stated rate | 15.00%, fixed | 10.00%, fixed |
| Rate mechanism | Fixed | Fixed |
| Cumulative | Yes | Yes |
| Frequency | each business day | quarterly |
| Next payment | 9 Nov 2026 | — |
| Rank within issuer | 2 (1 = most senior preferred) | 1 (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. | 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 | 20 Oct 2026 | 25 Mar 2025 |