Digital Credit Yield
Live prices, dividend tracking and income projections for the preferred stocks issued by Bitcoin, Ethereum and Solana treasury companies
STRC
Semi-Monthly IncomeStrategy's perpetual preferred stock paying 12.00% annual dividends in semi-monthly cash (~$0.479/share twice a month). Rate held flat since July 2026 while management targets a return to $100 par.
SATA
Daily IncomeStrive's publicly traded preferred equity paying 13.00% annualised in daily cash dividends (~$0.052/share/day). Targets a $99–$101 trading range, backed by 18+ months of cash reserves and over 27,462 Bitcoin.
BMNP
Weekly IncomeBitmine Immersion Technologies' Series A perpetual preferred stock paying 9.50% annually in weekly cash dividends. Began trading on the NYSE June 16, 2026, backed by Ethereum staking via the MAVAN platform.
CHAD
Daily IncomeDeFi Development Corp.'s Solana-backed perpetual preferred stock paying 13.00% annually in daily cash dividends (~$0.0052/share/day). Began trading on the Nasdaq September 8, 2026, with a $10 stated value.
STRC vs SATA vs BMNP vs CHAD at a Glance
Different issuers, different structures — down to the par value itself: $100 for STRC, $100 for SATA, $100 for BMNP, $10 for CHAD.
| STRC | SATA | BMNP | CHAD | |
|---|---|---|---|---|
| Issuer | Strategy (Nasdaq: MSTR) | Strive (Nasdaq: ASST) | Bitmine (NYSE: BMNR) | DeFi Development Corp. (Nasdaq: DFDV) |
| Stated/par value | $100 | $100 | $100 | $10 |
| Annual dividend rate | 12.00% | 13.00% | 9.50% (fixed) | 13.00% |
| Payment frequency | Semi-Monthly (24/year) | Daily (~250/year) | Weekly (52/year) | Daily (~250/year) |
| Approx. per payment | ~$0.479/share | ~$0.052/share | ~$0.183/share | ~$0.0052/share |
| How the rate is set | Published 5-day VWAP framework, currently overridden — held flat since Jul 2026 | Discretionary monthly review targeting a $99–$101 range | Fixed at issue | Discretionary review, managed toward a long-term price range |
| What backs it | 847,666+ Bitcoin treasury | 27,462+ Bitcoin plus an 18-month cash reserve | 6,001,302+ Ethereum treasury, staking income via the MAVAN validator network | 2,538,010+ Solana treasury, funded by ongoing capital raises |
| Position in capital structure | Below debt and STRF; above all other preferreds and common stock | Top of the stack — Strive is debt-free with one preferred series | Above common stock; cumulative dividends | Below company debt; above common stock; cumulative dividends |
Want the full picture? Read the in-depth STRC vs SATA comparison or how BMNP compares to both or how CHAD stacks up against the rest.
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About Digital Credit Yield
Who’s behind this
I’m Robin Gillingham — a full-time independent investor for seven years. I built this site to highlight the difference between annual yield and effective yield on the new preferred stocks issued by Bitcoin, Ethereum and Solana treasury companies, and it has grown into growth projectors, dividend charts, and weekly money flow data across STRC, SATA, BMNP and CHAD.
Read the full story on the About page →
How I keep the data accurate
Trust starts with sourcing, so here’s exactly how the numbers are produced:
- Pricing and dividend data is fetched from public market sources (Yahoo Finance) and, for dividend rates, cross-checked against the issuers’ own SEC filings (8-Ks and prospectuses from Strategy, Strive, Bitmine and DeFi Development Corp.).
- Dividend history is stored and built up over time on my server from public data only — no personal data is ever involved.
- Articles are researched against primary sources and fact-checked before publishing. Where I state a rate, a date, or a structural detail, it traces back to a filing or the issuer’s own disclosure.
- Updates: I revise pages as the instruments and the wider market evolves. Each article carries its publish date so you can judge how current it is.
If you ever spot something that looks wrong, please tell me — corrections are welcome and I’d rather fix an error fast than leave it standing.
Transparency and independence
Digital Credit Yield is supported by advertising. This never influences which assets I cover or what I say about them.
Position disclosure — I currently hold positions in MSTR and ASST, the common equity stocks of Strategy and Strive. I have no relationship with Strategy Inc., Strive Inc., Bitmine Immersion Technologies Inc. or DeFi Development Corp., and am not compensated by any of them. This is an independent research product.
Get in touch
Questions, corrections, or feedback are always welcome — reach me at contact@digitalcredityield.com or on X at @DCYieldHub.
Important Disclaimer
Digital Credit Yield is not a financial advisor. All content is provided for educational and research purposes only. Nothing on this site constitutes financial advice, investment advice, or a solicitation to buy or sell any financial instrument. Always consult a qualified financial adviser before making investment decisions.