STRC vs SATA
Compare returns side-by-side for Strategy's STRC (11.5%) and Strive's SATA (13%).
| Year | STRC Cumulative | SATA Cumulative | SATA Extra | STRC Basis | SATA Basis |
|---|---|---|---|---|---|
| 1 | $11,500 | $13,000 | +$1,500 | $88,500 | $87,000 |
| 2 | $23,000 | $26,000 | +$3,000 | $77,000 | $74,000 |
| 3 | $34,500 | $39,000 | +$4,500 | $65,500 | $61,000 |
| 4 | $46,000 | $52,000 | +$6,000 | $54,000 | $48,000 |
| 5 | $57,500 | $65,000 | +$7,500 | $42,500 | $35,000 |
| 6 | $69,000 | $78,000 | +$9,000 | $31,000 | $22,000 |
| 7 | $80,500 | $91,000 | +$10,500 | $19,500 | $9,000 |
| 8 | $92,000 | $104,000 | +$12,000 | $8,000 | $0 taxable |
| 9 | $103,500 | $117,000 | +$13,500 | $0 taxable | $0 |
| 10 | $115,000 | $130,000 | +$15,000 | $0 | $0 |
| 11 | $126,500 | $143,000 | +$16,500 | $0 | $0 |
| 12 | $138,000 | $156,000 | +$18,000 | $0 | $0 |
| 13 | $149,500 | $169,000 | +$19,500 | $0 | $0 |
| 14 | $161,000 | $182,000 | +$21,000 | $0 | $0 |
| 15 | $172,500 | $195,000 | +$22,500 | $0 | $0 |
Key Differences: STRC vs SATA
Both STRC and SATA are variable-rate perpetual preferred stocks backed by Bitcoin treasuries, paying cash dividends classified as return of capital. STRC pays monthly, while SATA now pays daily (every business day). And the issuers are very different companies. Learn more about what STRC is and how it works or what SATA is and how it works.
| STRC (Strategy) | SATA (Strive) | |
|---|---|---|
| Current Dividend Rate | 11.5% | 13.0% |
| Dividend Frequency | Monthly | Daily |
| Par Value | $100 | $100 |
| Tax Treatment | Return of Capital | Return of Capital |
| BTC Holdings | 818,000+ BTC (~$66B) | ~15,000 BTC (~$1.2B) |
| Notional Outstanding | ~$8.5B | ~$496M |
| Cash Reserve | ~$2.25B (~2.5 yr coverage) | ~$148M (~2.3 yr coverage) |
| Debt on Balance Sheet | ~$8.2B convertible notes | $0 — debt-free |
| Operating Business | Software biz (~$320M/yr gross profit) | No significant operating revenue |
| Common Stock | MSTR | ASST |
| Liquidity | High (~$250M daily volume) | Lower (smaller float) |
| Cumulative Dividends | Yes | Yes |
The Trade-Off
STRC offers scale and safety margin. Strategy holds 55x more Bitcoin, has a profitable legacy software business generating ~$320M/year, carries $2.25B in cash reserves, and trades with much higher liquidity. The lower 11.5% yield reflects this stronger credit profile.
SATA offers higher yield for more risk. Strive's balance sheet is smaller and simpler — nearly zero debt, but also no operating cash flow beyond its Bitcoin treasury. The 13% rate compensates investors for lower liquidity and smaller scale. Some investors hold both to diversify single-issuer risk while boosting overall yield.
Both are available on most major brokerages. See our guides on where to buy STRC and where to buy SATA for full broker comparisons.
What They Have in Common
Both instruments share the same core mechanics: variable-rate dividends that adjust to anchor the share price near $100, cash payments classified as return of capital for tax purposes, cumulative dividend protections, and Bitcoin-powered balance sheets. (STRC pays monthly; SATA pays daily.) Neither is FDIC insured, neither is collateralized directly by Bitcoin, and both depend on continued capital market access and long-term Bitcoin appreciation to sustain their yields.
This calculator is for informational and educational purposes only and does not constitute financial, investment, or tax advice. Neither STRC nor SATA is a bank deposit, FDIC insured, or regulated as a savings product. Past performance is not indicative of future results. Always consult a qualified financial advisor before making investment decisions.
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