The Bitcoin Credit Stack
all rates APR, act/365 · as of 2026-09-21

Instruments · strive

SATA

strive_sata

Terms

IssuerStrive, Inc.
TickerSATA
Typeperpetual_preferred
Rate policynot stated
Rate policy terms[object Object]
Cumulativetrue
Seniority rank1
Maturitynot stated
Liquidation preference100
Outstanding782950200
Statusoutstanding
Source for the seniority ranking

SEC EDGAR accession 0001628280-26-054985 (10-Q, period 2026-06-30), R18: "The SATA Stock ranks senior to Strive's Class A common stock and Class B common stock" and "The SATA Stock is junior to Strive's existing and future indebtedness." Rank 1 of the REGISTERED stack because no indebtedness is registered: R2 shows total liabilities of $28,581 thousand with no notes-payable line at 2026-06-30 (the assumed Semler notes were extinguished or converted in January, R41).

Market

Close price100.01
Price date2026-09-18
Price sourceeodhd
Confidencedaily_close
Declared rate13
Effective yield12.998700129987
Attachment point0.48605348972621687
Coverage ratio2.0573867303437687
Coverage as of2026-06-30

Issuer bitcoin holdings

Holdings19,864 BTC
As of2026-06-30
SourceSEC EDGAR accession 0001628280-26-054985 (10-Q, period 2026-06-30), R35 Digital Assets, at Fair Value — Investment of Digital Assets: "Approximate number of bitcoin held 19,864", aggregate fair value $1,164,639 thousand, "Fair value per bitcoin $58,631" — the three agree (19,864 x 58,631 = 1,164.6m). READ, NOT DERIVED.

Valued in the payload at $81,206 as at 2026-09-20. Holdings and price carry different as-of dates and are not restated to a common one.

What the returns below are, and are not.

No dividend-payment record exists in this database and accrued_flag is null on every row, so income is what the terms accrue, not what was confirmed paid. For a cumulative preferred that difference is the credit question.

Returns

PeriodEntryDaysEntry priceExit priceIncome %Price %Total %
1m2026-08-183199.69100.011.10750.3211.4285
2m2026-07-176397.73100.012.2962.3334.6289
3m2026-06-189297.71100.012.91612.35395.27
6m2026-03-1818497.56100.012.92062.51135.4319
inception2025-11-0631688100.013.237913.647716.8856

Only the income leg behaves like a rate. Annualising a total return over a short holding period multiplies a price move rather than measuring a yield - a 5% one-month move annualises past 70%. Rows under 90 days carry short_period_annualisation_warning (PC-10).

Trailing windows

Lookback windows are not maturities. These instruments are perpetual and have no tenor, so this profile never shares an axis or a legend with a tenor-axis chart, and is never drawn as a fitted curve (PC-8).

Window (days)ObservationsStartMean effective yieldMean declaredFull window
752026-09-141313true
1492026-09-0813.004913true
30212026-08-2013.004213true
60432026-07-2113.133813true
90632026-06-2213.18313true
1801252026-03-2313.18313true
3652172025-11-0613.18313false

Where this comes from

RESThttps://api.bitcoincreditstack.com/v1/market/corporate/instruments
As of2026-09-18