Strive, a Dallas-based Bitcoin treasury company, announced on November 12, 2026, that it is raising the annual dividend rate on its Variable Rate Series A Perpetual Preferred Stock (SATA) to 13.25%, effective December 1, 2026. The increase represents a quarter-point bump from the previous 13% rate.
The company's newer Series A Perpetual SATS Preferred Stock will maintain its fixed rate of 15% on a $100 stated amount. Both securities pay cash dividends daily on business days.
As of November 6, 2026, Strive reported holdings of 43,153 BTC. The company recently added 29 Bitcoin at an average price of approximately $75,721 per coin, totaling roughly $2.2 million.
Strive operates with no conventional debt and funds its Bitcoin acquisitions through preferred stock offerings rather than borrowing. The SATS shares launched through a $630 million gross offering that closed on October 20, 2026. As of early November, the company had 14,030,176 SATA shares outstanding and approximately 7.036 million SATS shares.
The combined annual dividend obligation from both preferred share classes totals approximately $288 million. The company maintains reserves covering dividends for around 18 months on SATS shares.
SATA has a track record of paying more than 109 consecutive daily dividends at the previous 13% rate. As a variable-rate security, the dividend rate on SATA can be adjusted by the company over time, meaning it could increase or decrease in the future.
Strive's ability to sustain dividend payments depends on reserves, capital raises, and the value of its Bitcoin holdings, since Bitcoin itself does not generate cash flows or interest income.
