01 | Preferred Yield Desk

STRC vs SATA, and the rest of the preferreds

Stated rates, payment schedules, rate history and a yield calculator for Bitcoin treasury preferred stocks.

Education only, not investment advice. Figures are sourced and dated; check filings before acting.

02 | Head to head

STRC vs SATA

STRC | Strategy

Variable Rate Series A Perpetual Stretch Preferred

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Stated rate
12.00% a year (set by Strategy)
Payments
Twice a month: $0.50 per share per period at 12%
Next payment
$0.50 payable Oct 31, 2026 (record Oct 15)
Following
$0.50 Nov 15 (record Oct 31), only if the daily-dividend amendments don’t take effect by Nov 1
Vote
Special meeting Oct 28, 2026 on daily record dates
Stated amount
$100 · cumulative
Effective yield
12.07% at $99.41 (strategy.com, 10/02/2026 04:00 PM ET)

Source: Strategy 8-K Oct 1, 2026; 10-Q Q2 2026 · As of 2026-10-01

SATA | Strive

Variable Rate Series A Perpetual Preferred

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Stated rate
13.00% a year from Oct 1, 2026
Payments
Daily: $0.0516 per share each business day, Oct 1–30 (21 days)
Next payment
Next business day; record date is the prior business day
Stated amount
$100 · cumulative
Effective yield
No issuer figure; enter a price below

Source: Strive 8-K Sep 15, 2026; 10-Q Q2 2026 · As of 2026-09-15

03 | Rate history

How the stated rates moved

STRC SATA
STRC rate history (table)
EffectiveRatePriorFiling
Oct 16, 202612.00%–8-K filed Oct 1, 2026
Sep 16, 202612.00%–8-K filed Sep 1, 2026
Aug 16, 202612.00%–8-K filed Aug 3, 2026
Jul 1, 202612.00%–8-K filed Jun 29, 2026
Jun 1, 202611.50%–8-K filed Jun 1, 2026
May 1, 202611.50%–8-K filed May 1, 2026
Apr 1, 202611.50%–8-K filed Apr 1, 2026
Mar 1, 202611.50%11.25%8-K filed Mar 2, 2026
Feb 1, 202611.25%11.00%8-K filed Feb 2, 2026
Jan 1, 202611.00%10.75%8-K filed Jan 2, 2026
Dec 1, 202510.75%10.50%8-K filed Dec 1, 2025
Oct 1, 202510.25%10.00%8-K filed Sep 30, 2025
Sep 1, 202510.00%9.00%8-K filed Sep 2, 2025
SATA rate history (table)
EffectiveRatePriorFiling
Oct 1, 202613.00%–8-K filed Sep 15, 2026
Sep 1, 202613.00%–8-K filed Aug 14, 2026
Aug 1, 202613.00%–8-K filed Jul 15, 2026
Jul 1, 202613.00%–8-K filed Jun 15, 2026
May 16, 202613.00%–8-K filed May 14, 2026
Apr 15, 202613.00%12.75%8-K filed Apr 15, 2026
Mar 16, 202612.75%12.50%8-K filed Mar 11, 2026
Feb 16, 202612.50%12.25%8-K filed Feb 13, 2026
Dec 16, 202512.25%12.00%8-K filed Dec 15, 2025

Source: Issuer 8-K filings on SEC EDGAR (full-text search) · As of 2026-10-04 · STRC’s Nov 2025 step to 10.50% is implied by later filing wording; exact date not confirmed

04 | Yield and par

Effective yield at your price

STRC at your price

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Prefilled with the strategy.com price (10/02/2026 04:00 PM ET). Type the price you see in the TradingView quote above.

SATA at your price

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Type the live price from the TradingView quote above. TradingView widgets can’t be read by the page, so we don’t pull it automatically.

How it works. Effective yield = stated rate × $100 ÷ price. Distance from par = price − $100. This ignores accrued dividends, taxes and rate changes.

Dividend estimator

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Estimate only, at the current stated rate on $100 per share. Rates can change monthly, dividends must be declared, and taxes apply.

05 | All preferreds

STRC, STRF, STRK, STRD, STRE and SATA

TickerStated ratePaidCumulativeLiquidation / stated amountPrice · eff. yield*Source
STRC
Strategy
12.00%Semi-monthly (15th and month-end record dates) — daily record dates proposed, vote Oct 28, 2026Yes$100 stated amount; liquidation preference generally the greater of $100 or the trading price$99.41
12.07%
Strategy 8-K filed Oct 1, 2026 (rate); 10-Q for Q2 2026 (terms)
STRF
Strategy
10.00%Quarterly (Mar 31, Jun 30, Sep 30, Dec 31)Yes$100 stated amount; generally the greater of $100 or the trading price$103.40
9.67%
Strategy 10-Q for Q2 2026
STRK
Strategy
8.00%Quarterly (Mar 31, Jun 30, Sep 30, Dec 31)YesLiquidation preference initially $100; generally the greater of $100 or the trading price (no stated amount)$76.25
10.49%
Strategy 10-Q for Q2 2026
STRD
Strategy
10.00%Quarterly (Mar 31, Jun 30, Sep 30, Dec 31)No (non-cumulative)$100 stated amount; generally the greater of $100 or the trading price$73.38
13.63%
Strategy 10-Q for Q2 2026
STRE
Strategy
10.00%Quarterly (Mar 31, Jun 30, Sep 30, Dec 31)Yes€100 stated amount; generally the greater of €100 or the trading price–
Strategy 10-Q for Q2 2026
SATA
Strive
13.00%Monthly rate period; October 2026 paid daily on each business day ($0.0516/share), record date the prior business dayYes (unpaid amounts compound monthly)$100 stated amount; liquidation preference adjusts to the greatest of $100, recent sale price or a trading average–
Strive 8-K filed Sep 15, 2026 (rate, schedule); 10-Q for Q2 2026 (terms)

Source: Stated terms from issuer SEC filings. Rates can change; check the issuer source before relying on any figure. · As of 2026-10-04 · *Prices and effective yields: strategy.com, 10/02/2026 04:00 PM ET; STRE (euro) and SATA not listed there

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Data & TA by TradingView.