Strive’s SATA preferred shares have recovered nearly 16% from their June lows to around $97, prompting Jan3 CEO Samson Mow to predict that the recovery could help Strategy’s STRC return to its $100 par value.
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- Strive’s SATA has rebounded nearly 16% from its June low to around $97.
- Samson Mow expects a SATA rebound to help Strategy’s STRC return to its $100 par value.
- Three major U.S. preferred stock ETFs collectively hold $756 million worth of STRC.
Yahoo Finance data shows that SATA is up from $83.30 and is now trading within roughly 3% of the level it was designed to track. The rebound has erased most of the decline seen in blue-chip stocks in late June, while STRC stock remains about 13% below par despite receiving increased demand from major US exchange-traded funds.
According to Mao, the steps taken by Bitcoin treasury companies to improve their balance sheets and support their preferred stocks have begun to rebuild confidence in the products. He told Cointelegraph that SATA’s return towards $100 could reassure investors that the financing structure used by Stryve & Strategy is still effective.
“I believe that every action the strategy has taken to strengthen its balance sheet and encourage STRC to return to desired level has also been successful.”
Mo expects the securities to move together as investors evaluate whether preferred stocks tied to bitcoin can continue to fund their dividends and hold near their stated values.
“But it all works hand in hand. I think as SATA gets back to par, we’ll see STRC get back to par as well, because people say: Well, this model isn’t broken.” “Everyone is capitalized for three or more years of dividends…there was no reason to panic all the time,” he added.
SATA rebound supports confidence in preferred Bitcoin stocks
He works hard ft sata in November 2025 to raise funds to expand its Bitcoin holdings without issuing more common stock. Variable rate perpetual preferred stock uses dividend adjustments to encourage trading around its $100 face value.
By changing the payout rate as needed, Strive can make SATA more or less attractive to investors as the market price moves. The Company has designed the structure to provide recurring access to capital while limiting dilution to common shareholders, in accordance with its stated treasury strategy.
The STRC was launched in 2025 under a similar model. The preferred stock also uses variable dividends to keep its price near $100, which puts it in a category the strategy calls “digital credit.”
During the late June selloff, both products fell below their intended levels. SATA has since rebounded to around $97, but Yahoo Finance data shows STRC closed at $86.89 on July 24 after rising 2.29% during the session. It later rose to $87.14 in after-hours trading.
Mao sees the difference between their recoveries as temporary and not evidence of failure of the STRC structure. His forecast relies on investors treating SATA’s rebound as evidence that preferred stocks backed by Bitcoin treasury companies can recover after a sharp decline.
Along with the price rebound, Mo noted that companies are improving how they raise capital and manage their Bitcoin holdings. He cited Lyn Alden’s treasury company Orange Juice, which launched on July 15, as an example of a new entrant using a different operating model and starting with a lower purchase cost for bitcoin.
BitcoinTreasuries ranks Strategy as the largest holder of Bitcoin, with 843,775 BTC. Strive has 19,921 BTC, making it seventh among public companies tracked by the platform.
These holdings create different levels of exposure to Bitcoin, but both companies rely on capital market products to support their treasury plans. For Strive, SATA provides a path to new funds without selling more common stock, while Strategy uses STRC and other securities to fund additional Bitcoin purchases.
Demand for ETFs boosts STRC despite its discount
Institutional demand has already been established STRC placed at the top of three large US preferred stock ETFsdespite the continued trading of securities below the required level.
Michael Saylor, co-founder and executive chairman of Strategy, revealed on July 24 that STRC is now the largest holding in BlackRock’s iShares Preferred and Income Securities ETF, Virtus InfraCap’s U.S. Preferred Stock ETF, and VanEck’s Preferred Securities ex Financials ETF.
According to numbers shared by Saylor, the three funds collectively hold $756 million of STRC. Their portfolios also contain preferred stocks issued by well-established US companies, giving ETF investors indirect exposure to Strategy’s bitcoin-linked securities alongside traditional income products.
In his post The holdings show that asset managers allocated significant capital to STRC, even though its closing price on July 24 remained 13.11% below $100.
The STRC discount is important to the strategy because the company sells preferred stock to fund Bitcoin purchases. The strategy can issue shares near or above par and funnel the proceeds into Bitcoin, but the deep discount reduces the amount of capital it can raise from each newly issued share.
Selling more STRC while it is trading at around $87 would produce less financing per share than a completed issue near $100. A price decline could weaken the economics of using the security to accumulate Bitcoin, even if current demand for ETFs continues.
Mow’s forecast links SATA’s recovery to a potential improvement in those conditions. If investors interpret Strive’s return toward par as evidence that variable-rate Bitcoin preferred stocks can stabilize, his view is that STRC could attract enough demand to narrow the discounting range and restore a more efficient funding channel for the strategy.
