STRC vs SATA: Two Bitcoin Preferred Stocks, Head to Head
Both pay frequent dividends backed by bitcoin holdings (STRC twice a month, SATA monthly). Here's how they compare on yield, stability, liquidity, and risk.
HYSA and CD rates as of May 1, 2026. Treasury yield and S&P 500 dividend yield update automatically. Sources
What $50,000 earns you per month
SATA yields 0.75% more, and both securities are currently trading below their $100 par. The sections below explain why that matters.
Monthly Income Comparison
| Investment | STRC (12%) | SATA (12.75%) | Difference |
|---|---|---|---|
| $10,000.00 | $100.00/mo | $106.25/mo | +$6.25/mo |
| $25,000.00 | $250.00/mo | $265.63/mo | +$15.63/mo |
| $50,000.00 | $500.00/mo | $531.25/mo | +$31.25/mo |
| $100,000.00 | $1,000.00/mo | $1,062.50/mo | +$62.50/mo |
| $250,000.00 | $2,500.00/mo | $2,656.25/mo | +$156.25/mo |
Feature Comparison
| Feature | STRC | SATA |
|---|---|---|
| Current Yield | 12% | 12.75% |
| Par Value | $100 | $100 |
| Current Price | $94.27 | $96.48 |
| Price vs Par | 5.7% below par | ~4% below par |
| Payment Frequency | Semi-monthly (since Jun 30, 2026) | Monthly |
| Issuer | Strategy, Inc. (MSTR) | Strive, Inc. (ASST) |
| Cumulative Dividends | Yes | Yes |
| Launch Date | July 2025 | November 2025 |
| Dividends Paid | 13 consecutive months | 5 consecutive |
| Issuer BTC Holdings | 840,447+ BTC | ~13,311 BTC |
| Avg Daily Volume | $150-400M | Significantly lower |
| Dividend Reserve | Built into capital structure | 18 months (cash + STRC) |
| 52-Week Range | ~$88 - $101 | ~$81 - $101 |
| Tax Treatment | Expected return of capital | Expected return of capital |
| Trades On | Nasdaq | Nasdaq |
STRC Pros
- Backed by Strategy's 840,447+ BTC and $4.65B USD reserve
- Deep liquidity ($150-400M daily volume) means tight spreads
- Longest track record of the two: 13 consecutive months paid, none missed
- Largest bitcoin treasury company by holdings
- Paid twice a month, so cash arrives on a shorter cycle
- Issuer is buying STRC back below par under a $1.0B repurchase program
STRC Cons
- Lower yield than SATA (12% vs 12.75%)
- Dividend rate can change monthly
- Also trading below par, and has not closed at $100 since April 2026
- Strategy has said it will hold the rate at 12% rather than raise it to defend par
- Concentrated exposure to one issuer's bitcoin strategy
SATA Pros
- Higher current yield (12.75% annualized)
- 18-month dividend reserve (cash + STRC holdings)
- Issuer has committed to $99-$101 target range
- Strive itself holds STRC, creating alignment between the two instruments
- Younger instrument with potential for price appreciation toward par
SATA Cons
- Currently trading ~4% below par (~$96 vs $100)
- Much lower liquidity than STRC (wider bid-ask spreads)
- Shorter track record (5 dividends vs 8)
- Smaller issuer: Strive holds ~13,311 BTC vs Strategy's 840,447+
- Strive common stock (ASST) has declined significantly from highs
- Wider historical trading range ($81-$101 52-week range)
The yield vs stability tradeoff
SATA's higher yield (12.75% vs 12%) is partially offset by trading below par. If you buy SATA at $96 and it stays at $96, your effective yield on capital deployed is actually higher than 12.75% because you paid less per share. But if SATA drops further, the principal loss can wipe out the yield advantage entirely.
STRC has historically held a tighter band around par than SATA, but that gap has narrowed. STRC has not closed at $100 since April 2026, and on July 31, 2026 Strategy said it will hold the rate at 12% until STRC demonstrates sustained trading at or near its stated amount, rather than raising the rate to defend the price. Both instruments are now below-par preferreds; the difference is the size of the discount and the balance sheet behind each one.
For investors focused on predictable income, STRC's longer payment record, deeper liquidity and larger issuer still matter. For investors willing to accept more price volatility in exchange for a higher yield (and potential capital gain if SATA recovers to par), SATA may be appropriate. Neither should be assumed to return to $100 on a schedule.
An important structural difference: Strategy (STRC's issuer) holds 840,447+ bitcoin and is the largest corporate bitcoin holder in the world. Strive holds ~13,311 bitcoin. The scale difference affects how much cushion each issuer has to sustain dividends through a prolonged bitcoin downturn.
It is also worth noting that Strive itself purchased $50M of STRC for its treasury in March 2026, which suggests Strive views STRC as a high-quality asset for its own reserve management.
Who Is Each Best For?
Consider STRC if...
- Price stability near par is important to you
- You prioritize liquidity and tight bid-ask spreads
- You want exposure to the largest bitcoin treasury company
- You plan to hold long-term and collect income without monitoring price
Consider SATA if...
- You are comfortable with more price volatility
- The higher yield (12.75%) is your primary goal
- You believe SATA will appreciate toward par over time
- You want exposure to a younger, potentially faster-growing issuer
Some investors rotate between STRC and SATA to capture both dividends each month. This strategy has real trade-offs including tax friction, execution risk, and SATA's price instability. Read our full analysis: STRC/SATA Rotation Strategy
More comparisons
Data as of Aug 10, 2026 | Source: Strategy 8-K filed August 10, 2026 (ATM capacity, BTC holdings, repurchases and USD Reserve as of August 9, 2026)