Strive Raises SATA Dividend to 13.25% After a Month Below Its $99 Floor

SATA stock holders are getting a raise. Strive, the publicly traded bitcoin treasury company, said on Nov. 12 that it will lift the dividend rate on its Variable Rate Series A Perpetual Preferred Stock to 13.25% a year, starting Dec. 1.

The move comes after a month in which SATA traded below the $99 to $101 range Strive says it aims to keep the shares in.

It is the first increase since April. And it lands while Strive holds 43,153 BTC, close to half a billion dollars in cash and, on its latest balance sheet, no borrowings.

What Strive Changed on SATA

According to a Form 8-K filed with the SEC, Strive’s board raised the SATA regular dividend rate from 13.00% to 13.25% per annum for periods beginning on or after Dec. 1, 2026.

The board also declared December’s payouts. SATA holders will receive $0.0502 per share on each of the month’s 22 business days, or $1.1044 per share in total.

Strive’s 15.00% SATS preferred, a separate fixed-rate series, will pay $0.0569 per share per business day in December, or $1.2518 in total.

SATA’s rate has moved in one direction since launch. Strive’s quarterly report says it started at 12.00%, was raised to 12.75%, then to 13.00% from April 15, 2026. December’s 13.25% is the next step.

Why SATA Stock Needed a Lift

Strive is open about its goal. In its Nov. 6 quarterly filing, the company said it believes its dividend policy will cause SATA to trade within a stated long-term range of $99 to $101.

For most of late summer, that worked. SATA closed at or near $100 almost every session from Aug. 21 through Oct. 6, based on daily closing prices.

Then the bitcoin sell-off reached the preferred market. SATA has closed below $99 in all 24 sessions since Oct. 13, bottoming at $94.86 on Oct. 30 before recovering to $97.73 on Nov. 13.

A higher rate makes each $100 of stated value pay more, which is the lever Strive designed SATA around. We read the increase as the company using that lever exactly as intended, rather than as a sign of stress.

A Bitcoin Treasury Company Without Debt

The more striking part of Strive’s position is its balance sheet.

At Sept. 30, Strive reported total liabilities of just $37.5 million. That figure consisted of compensation payable, accounts payable, dividends payable and lease liabilities. No borrowings were listed.

Its weekly update filed on Nov. 9 showed $487.6 million in cash and cash equivalents as of Nov. 6, plus 505,000 shares of Strategy’s STRC preferred valued at $50.4 million.

That matters when Bitcoin falls. Companies that fund purchases with loans can face margin pressure in a drawdown. Strive’s preferred dividends are a real obligation, but they do not come with a lender who can call the loan.

How Much the Dividends Cost

The math is worth doing plainly. Strive had 14,030,176 SATA shares and 7,036,559 SATS shares outstanding as of Nov. 6.

• At 13.25% on a $100 stated amount, SATA dividends come to about $185.9 million a year.
• At 15.00%, SATS dividends add about $105.5 million a year.

Together that is roughly $291.4 million a year, by our calculation. Strive’s $487.6 million cash pile alone would cover about 1.7 years of those payments, before counting any new capital raised or the bitcoin itself.

At $64,065 per BTC, the Coinbase price shortly after midnight UTC on Nov. 15, Strive’s 43,153 BTC were worth about $2.76 billion.

Strive’s Bitcoin Stack More Than Doubled

Strive has been one of the most active buyers among public companies this autumn. Its holdings rose from 19,864 BTC on June 26 to 43,153 BTC on Nov. 6, an increase of about 117%.

The biggest stretch came in October. Strive bought 4,045 BTC between Oct. 9 and Oct. 16, then 6,182 BTC at about $82,732 each in the following week.

Purchases have since slowed. Strive added 124 BTC at about $80,526 in the week to Oct. 30 and 29 BTC at about $75,721 in the week to Nov. 6, according to its filings. We covered the company’s third-quarter build-up in our earlier report on Strive’s 15,124 BTC quarter.

What to Watch Next for Strive Stock

The first test is simple: does SATA move back toward $99 before the higher rate kicks in on Dec. 1?

The second is whether Strive resumes larger bitcoin purchases as prices sit well below its recent buying levels. Its next weekly 8-K should show whether that is happening.

Strive is not alone in leaning on preferred stock. Our recent look at Strategy’s 850,364 BTC position shows how central these instruments have become to corporate bitcoin buying.

We believe Strive’s approach, with a growing bitcoin reserve, a large cash buffer and no lender in the background, is the kind of structure that lets a bitcoin treasury company ride out a correction instead of being forced to sell into it.

This article is for information only and is not investment advice.