Strive’s SATA Preferred Shares Hit $39M Volume with 13% Yield
ASST•Strive’s SATA preferred shares recorded more than $39 million in daily trading volume while offering a 13% dividend yield after trading near $100 per share. The firm holds over 15,000 BTC valued at roughly $1.2 billion and TD Cowen lifted its price target to $32, signaling 77% upside.
1. Record Volume and High Yield
Strive’s SATA preferred stock reached over $39 million in daily trading volume, trading near $100 per share and offering a 13% dividend yield. This surge underscores growing investor appetite for Bitcoin-backed income products.
2. Michael Saylor’s Endorsement
Michael Saylor labeled SATA shares “the most interesting story in Bitcoin right now,” highlighting their role in digital credit markets and comparing them to Strategy’s own preferred stock offerings.
3. Substantial Bitcoin Backing
Strive holds more than 15,000 BTC, valued at approximately $1.2 billion, positioning its preferred shares as among the largest corporate-backed Bitcoin collateral strategies.
4. Analyst Upgrade and Market Sentiment
TD Cowen raised its Strive price target from $28 to $32, implying 77% upside, while the stock has climbed over 9% in the past month and maintains bullish retail sentiment.
