SATA — Strive's Preferred Equity Instrument

SATA is Strive's perpetual preferred equity instrument, listed on the Nasdaq. It pays a 13.00% annual dividend distributed monthly in cash, with Strive targeting a $99–$101 trading range to minimise price volatility and provide a predictable income stream. SATA is available on most major brokerage platforms.

As preferred equity, SATA sits below debt but above common equity in Strive's capital structure. In the event of liquidation, preferred stockholders are paid before common shareholders, giving SATA a meaningful layer of protection relative to pure equity. Strive backs the instrument with over 13,000 Bitcoin in reserve assets and maintains 18 months of pre-funded cash reserves — providing the capacity to cover dividend payments for over 19 years.

Strive is a Nasdaq-listed financial services and Bitcoin treasury company, founded in 2022 by Vivek Ramaswamy. Strive has positioned itself as a Bitcoin-first asset manager, rejecting the ESG investment model in favour of a returns-focused approach it calls excellence capitalism. The company has made Bitcoin a cornerstone of both its treasury strategy and its financial product offering.