SATA Preferred Shares From Strive Rebound Near Par Value After June Losses
Following a significant downturn in June, Strive's SATA preferred shares have staged an impressive comeback, climbing back to approximately $97 and recapturing the majority of their losses while approaching the $100 par value threshold.
Following a descent to a June bottom of $83.30, Strive's SATA preferred shares have mounted a strong recovery, climbing back to approximately $97 and reclaiming the bulk of losses sustained during the selloff. The shares now trade within approximately 3% of their designated $100 par value, based on data from Yahoo Finance.
In November 2025, Strive launched SATA as a strategic component of its approach to funding Bitcoin treasury growth via preferred equity offerings. The perpetual preferred stock features a variable-rate structure designed to maintain trading stability near its $100 par value through dividend rate adjustments, enabling Strive to secure funding for expanding its Bitcoin (BTC) holdings without diluting existing common stockholders.
Among an expanding category of preferred-share instruments connected to Bitcoin treasury approaches, SATA represents part of what firms like Strategy characterize as the "digital credit" marketplace, an evolving sector gaining momentum.
Strategy's own preferred offering, STRC, was introduced in 2025 with comparable goals of preserving a $100 share price via variable dividend mechanisms. Like SATA, it experienced substantial declines during the late-June market turbulence before staging a partial recovery, although it remains discounted from par, currently trading near $87.
Despite Strategy's position as the globe's largest publicly-traded corporate holder of Bitcoin, maintaining 843,775 BTC in its treasury, Strive has advanced to the seventh position among corporate Bitcoin holders with a treasury of 19,921 BTC, as reported by BitcoinTreasuries.NET.
SATA recovery could help lift Strategy's STRC, says Mow
In conversation with Cointelegraph, Jan3 founder and CEO Samson Mow stated that recent strategic moves by Bitcoin treasury companies are starting to rebuild investor confidence in preferred-share instruments, which aligns with his perspective that Bitcoin has already established its price floor.
"I think every action that Strategy has undertaken to strengthen their balance sheet and encourage STRC to go back to par is also working," Mow said, adding:
But everything sort of works in tandem. I think as SATA returns to par, you're going to see STRC return to par too, because people say, 'OK, this model's not broken.' Everyone is capitalized for three or more years of dividend payments... there was no reason to panic all along.
According to Mow, the enhanced performance being demonstrated by preferred-share products reflects a wider transformation occurring within the Bitcoin treasury industry, where participating companies have persistently refined and optimized their capital acquisition methodologies.
Mow referenced Lyn Alden's Orange Juice treasury company, which commenced operations on July 15 with intentions to manage a Bitcoin treasury, as an additional illustration of organizations joining the space with varied strategic frameworks and more favorable Bitcoin acquisition cost foundations.