Strive Raises SATA Dividend Rate to 13.25% Starting Dec. 1, 2026

By Marcus Bennett

Strive will raise the annual dividend rate on its SATA preferred stock to 13.25% for periods beginning Dec. 1, 2026, according to the company’s disclosures, while its Bitcoin holdings stood at 43,153 BTC on Nov. 6.

Strive distributes cash dividends on its two preferred classes every business day. The SATA increase adds 0.25 percentage point to the former 13% rate. On each $100 stated amount, the annual dividend moves from $13 to $13.25. SATS, Strive’s separate class, remains fixed at 15%.

Before the change, SATA recorded a run of more than 109 daily dividend payments at 13%. Strive also paid 13% in October, the rate detailed in the company’s earlier coverage of the preferred stock.

What changes for SATA shareholders?

For a SATA holder, the practical change is $1.25 more in annual dividend expense for each share carrying a $100 stated amount once the new schedule begins. SATA can vary its rate, while SATS remains fixed, so the two classes carry different payment terms within Strive’s preferred-stock program.

That difference matters to Strive’s balance sheet. A higher SATA rate increases the company’s recurring dividend commitment, even though Strive’s funding model avoids conventional borrowing. Reserves, new capital and the Bitcoin portfolio must support that added payment burden.

The preferred-stock funding model

Strive raises money by selling preferred stock, applies the proceeds to Bitcoin purchases and thereby gives itself acquisition capital without relying on conventional borrowing arrangements. It also converts demand for preferred income into a recurring obligation that Strive must service over time.

The SATS offering shows the scale of that funding channel. A seven-million-share issue closed Oct. 20 and generated $630 million gross. As of early November, Strive had 14,030,176 SATA shares and about 7.036 million SATS shares outstanding.

At the rates then in effect, the two classes carried a combined annualized dividend obligation of about $288 million. That figure uses the earlier 13% SATA rate, which remains in effect until Dec. 1, 2026. It annualizes the obligation across outstanding shares and does not forecast the cash paid on one particular day.

Strive’s latest disclosed Bitcoin purchase added 29 BTC at an average price of about $75,721 per coin, or roughly $2.2 million. The company’s holdings reached 43,153 BTC on Nov. 6, above the 43,000 BTC level reported in an earlier account of its purchases.

Reserves and Bitcoin exposure

Bitcoin produces no interest or dividends, so Strive maintains reserves covering about 18 months of SATS dividends even though that coverage applies to only one preferred class. The $288 million obligation covers both classes.

Future preferred payments depend on reserves, fresh capital raises and, ultimately, the value of Strive’s Bitcoin holdings. The reserve figure can support the payout schedule, but it does not remove the need to replenish capital or preserve sufficient asset backing.

The next dated checkpoint is Dec. 1, 2026, when the 13.25% SATA schedule takes effect and Strive’s preferred-dividend commitments step up.