Strive lifts SATA preferred dividend to 13.25% as Bitcoin stack reaches 43,153 BTC

Strive, the Dallas-based Bitcoin treasury company co-founded by Vivek Ramaswamy, is giving its preferred shareholders a small raise. The annual dividend rate on its Variable Rate Series A Perpetual Preferred Stock, ticker SATA, will climb to 13.25% starting December 1, 2026.

Its sibling security, the Series A Perpetual SATS Preferred Stock, stays put at a fixed 15%. Meanwhile, Strive (NASDAQ: ASST) disclosed that it now holds 43,153 BTC.

What changed, and what didn’t

Strive made the SATA announcement on November 12, 2026. The rate moves up from 13%, a quarter-point bump.

SATA carries a variable rate, so the company can adjust the payout over time. The SATS shares work differently: the rate is locked at 15% on a $100 stated amount.

Both securities pay cash dividends daily on business days. SATA has built a track record on that front. The shares have paid more than 109 consecutive daily dividends at the old 13% rate, according to the research findings.

The Bitcoin pile and the bill that comes with it

As of November 6, 2026, Strive reported holding 43,153 BTC. Its latest purchase added 29 Bitcoin at an average price of approximately $75,721 each, roughly $2.2 million in total.

As of early November, Strive had 14,030,176 SATA shares outstanding and approximately 7.036 million SATS shares.

Together, those preferred shares carry a combined annual dividend obligation of around $288 million.

The SATS shares launched through a $630 million gross offering that closed on October 20, 2026.

Strive operates with no conventional debt, according to the findings. The company also maintains reserves covering dividends for around 18 months on the SATS shares.

Why preferred stock instead of loans

Instead of borrowing to buy Bitcoin, Strive sells investors a security that pays a steady income stream, then uses the proceeds to buy more coins. The research describes the approach as using equity-like instruments to grow the Bitcoin treasury while avoiding traditional debt mechanisms.

That approach has helped Strive accumulate Bitcoin quickly. The findings place it among the largest public corporate Bitcoin treasuries globally.

What this means for investors

For income investors, the math on SATA just got slightly better. A 13.25% yield paid daily is the kind of figure that tends to catch the eye of anyone tired of savings account rates.

SATA has a variable rate, so the company can adjust the payout over time. A variable rate can go up, as it is doing now. By definition, it can also go down later.

The bigger question is sustainability. Roughly $288 million in annual dividend obligations is a substantial commitment for a company whose core asset does not produce cash on its own. Bitcoin does not pay interest or dividends. Strive’s ability to keep paying preferred holders depends on reserves, fresh capital raises, and ultimately the value of the coins it holds.

The 18-month reserve on SATS dividends offers a cushion.