STRC vs SATA: Two Bitcoin Preferred Stocks, Head to Head
Both pay monthly dividends backed by bitcoin holdings. Here's how they compare on yield, stability, liquidity, and risk.
HYSA and CD rates as of Mar 13, 2026. Treasury yield and S&P 500 dividend yield update automatically. Sources
What $50,000 earns you per month
SATA yields 1.25% more, but trades ~4% below par. The sections below explain why that matters.
Monthly Income Comparison
| Investment | STRC (11.5%) | SATA (12.75%) | Difference |
|---|---|---|---|
| $10,000.00 | $95.83/mo | $106.25/mo | +$10.42/mo |
| $25,000.00 | $239.58/mo | $265.63/mo | +$26.04/mo |
| $50,000.00 | $479.17/mo | $531.25/mo | +$52.08/mo |
| $100,000.00 | $958.33/mo | $1,062.50/mo | +$104.17/mo |
| $250,000.00 | $2,395.83/mo | $2,656.25/mo | +$260.42/mo |
Feature Comparison
| Feature | STRC | SATA |
|---|---|---|
| Current Yield | 11.5% | 12.75% |
| Par Value | $100 | $100 |
| Current Price | $99.75 | $96.48 |
| Price vs Par | At par | ~4% below par |
| Payment Frequency | Monthly | Monthly |
| Issuer | Strategy, Inc. (MSTR) | Strive, Inc. (ASST) |
| Cumulative Dividends | Yes | Yes |
| Launch Date | July 2025 | November 2025 |
| Dividends Paid | 8 consecutive | 5 consecutive |
| Issuer BTC Holdings | 761,068+ BTC | ~13,311 BTC |
| Avg Daily Volume | $150-400M | Significantly lower |
| Dividend Reserve | Built into capital structure | 18 months (cash + STRC) |
| 52-Week Range | ~$97 - $101 | ~$81 - $101 |
| Tax Treatment | Expected return of capital | Expected return of capital |
| Trades On | Nasdaq | Nasdaq |
STRC Pros
- Consistently trades at or near $100 par value
- Backed by Strategy's 761,068+ BTC and $2.25B USD reserve
- Deep liquidity ($150-400M daily volume) means tight spreads
- Longer track record (8 consecutive dividends)
- Largest bitcoin treasury company by holdings
- Share price stability reduces principal risk
STRC Cons
- Lower yield than SATA (11.5% vs 12.75%)
- Dividend rate can change monthly
- 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 761,068+
- 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 11.5%) 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's lower yield comes with tighter price stability. Buying at $100 and collecting 11.5% with the share price staying near $100 means your total return is close to the stated yield. There is less upside surprise, but also less downside risk.
For investors focused on predictable income with minimal principal risk, STRC's stability advantage matters. 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.
An important structural difference: Strategy (STRC's issuer) holds 761,068+ 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 Mar 16, 2026 | Source: Strategy 8-K filed March 16, 2026