Blog & Insights
Educational articles on preferred equity, dividend income, and the assets we track.
How BMNP's Dividend Rate Is Set: Fixed Income, Weekly Payments, and Ethereum Staking
BMNP launches with a fixed 9.50% rate and a unique weekly payment structure — backed not by Bitcoin but by Ethereum staking income from Bitmine's MAVAN validator network. Here is exactly how the rate is set, what protects investors if payments are missed, and how this differs from STRC and SATA.
How STRC's Dividend Rate Is Set: The VWAP Mechanism Explained
STRC has raised its rate seven times since IPO — from 9% to 11.50%. That progression follows a formal SEC-filed framework tied to a five-day VWAP window. Here is exactly how the mechanism works, how it evolved, and what the contractual limits actually say.
How SATA's Dividend Rate Is Set — And Why It Differs from STRC
Both SATA and STRC adjust their dividend rates monthly to keep their price near $100 par. But the mechanisms behind those decisions are fundamentally different — one is rules-based with published bands, the other is entirely discretionary. Here is exactly how SATA's rate is governed and what the SEC filings actually say.
Strategy's Capital Structure: From Senior Debt to Common Stock — and Where STRC Fits
Strategy has built a multi-layered financing stack to fund its Bitcoin acquisition model. Understanding where STRC sits — second only to STRF within the preferred tier, above $6.7B of debt, and well above common equity — is fundamental to assessing the investment.
Strive's Capital Structure: Why Being Debt-Free Changes Everything for SATA Investors
Strive has deliberately built one of the simplest capital structures of any publicly traded Bitcoin treasury company — no debt, one preferred series, and common stock. For SATA holders, that means something significant: SATA currently sits at the very top of the equity stack.
How SATA Works: High-Yield Income Backed by Bitcoin and Cash Reserves
SATA is Strive's preferred equity instrument paying 13% per year — one of the highest yields available in listed preferred equity. Here's how it's structured, what backs the dividend, and why SATA is moving to daily payments from June 2026.
Monthly vs Daily Dividends: Does the Frequency Actually Matter?
Most income assets pay dividends quarterly or monthly. SATA is switching to daily payments from June 2026. But does payment frequency actually make a meaningful difference to real-world returns? The answer depends on what you do with the income.
Reinvesting Dividends: How Compounding Works with STRC and SATA
Taking your monthly dividends as cash is one way to use STRC and SATA. Reinvesting them is another — and over time the difference in outcome is dramatic. Here is how compounding works and how the Growth Projector shows you the numbers for your own scenario.
How to Use the Growth Projector to Model Your Income Portfolio
The Growth Projector lets you enter an investment amount, set a yield and time horizon, and toggle reinvestment — then shows projected value and total income over time. Here is how to use it effectively and what the numbers actually mean.
STRC vs SATA: Comparing Two High-Yield Income Assets
STRC and SATA are both publicly traded preferred equity instruments paying high cash yields. They have real similarities — but differ in yield, structure, backing, and risk profile. Here is a direct comparison to inform your thinking.
What Is Effective Yield and Why It Matters for Income Investors
Two investors buy the same income asset. One pays $100 per share, the other pays $95. Both receive the same cash dividend — but their return on capital is different. This is the difference between stated yield and effective yield.
Bitcoin Treasury Companies and Why They Issue High-Yield Preferred Equity
A wave of publicly traded companies has adopted Bitcoin as their primary treasury asset. Several now issue preferred equity instruments paying high cash yields. Here is why these instruments exist and what backs them.
How STRC Works: Strategy's Perpetual Preferred Stock Explained
STRC is a perpetual preferred stock issued by Strategy — the world's largest corporate Bitcoin holder. Here's how the instrument is structured, what backs the dividend, and how the adjustable-rate mechanism works.
What Is Preferred Stock? A Plain English Guide
Most investors know about common stock and bonds. Preferred stock sits between them — and understanding how it works is the foundation for evaluating any high-yield income asset like STRC or SATA.
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.