Karla Barker 
Strive is nudging the payout on its SATA preferred stock higher. The Dallas-based Bitcoin treasury company said the annual dividend rate on its Variable Rate Series A Perpetual Preferred Stock will rise to 13.25% from 13% starting December 1, 2026. That is a quarter-point increase, not a dramatic move, but it matters for income-focused holders who track daily distributions.
What changed, and what did not
The SATA ticker carries a variable rate, so Strive can adjust the payout over time. The sibling security, Series A Perpetual SATS Preferred Stock, remains fixed at 15% on a $100 stated amount. Both pay cash dividends daily on business days. SATA has now paid more than 109 consecutive daily dividends at the old 13% rate, according to the research findings. The company announced the change on November 12, 2026.
Bitcoin holdings and the dividend bill
Strive reported holding 43,153 BTC as of November 6, 2026. Its latest purchase added 29 Bitcoin at an average price of about $75,721 each, roughly $2.2 million in total. As of early November, Strive had 14,030,176 SATA shares outstanding and about 7.036 million SATS shares. Combined, those preferred shares carry an annual dividend obligation of around $288 million. The SATS shares launched through a $630 million gross offering that closed on October 20, 2026. Strive says it has no conventional debt and holds reserves covering SATS dividends for around 18 months.
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 has helped Strive gather Bitcoin quickly, and the findings place it among the largest public corporate Bitcoin treasuries globally.
What investors should watch
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. But the rate is variable. It can go up, as it is doing now. It can also go down later.
The bigger question is sustainability. Around $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, but perhaps not a permanent answer.