SATA Nears Par as STRC Trails in Bitcoin-Backed Preferred Market

Strive Inc.'s SATA variable rate series A perpetual preferred stock traded near its $100 par value in pre-market trading on August 19, 2026, with recent prints at around $99.70 to $99.90. This marks one of the closest approaches to par since mid-June.

The instrument's proximity to this threshold has caught market observers' attention as a potential catalyst for renewed accumulation activity, given Strive's constructive stance on acquiring more Bitcoin at prevailing price levels.

SATA is structured as a Bitcoin-backed preferred equity instrument designed to trade near its stated $100 amount while delivering a high cash yield. When it trades at or above par, the issuer gains greater capacity to utilize at-the-market offerings to raise capital for additional Bitcoin purchases.

STRC, another preferred stock from Strategy Inc., traded around $94 in pre-market trading on August 19, despite its ongoing repurchase program. This represents a persistent discount of approximately 5 to 6 percent.