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TickerTalks›$SATA
SASATA

Strive Inc. Perp. Pfd. Series A

Rising onWhy it's trendingX chatter picking upBacked by solid revenue growthPrice and volume picking up
$SATA·$70B·Asset Management·Financial Services
$100.01+0.0%YTD+5.9%1Y+13.6%
Price updated 13h ago·X counts updated 6d ago
SASATA
$SATAStrive Inc. Perp. Pfd. Series A
$100.01+0.04%358 posts1.1×
AI analysisFundamentalsVoices on X
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On X

The complete picture of $SATA on X — how loud the conversation is right now, how it has trended over the last two weeks, and which way the crowd is leaning.

358X posts · last 7 days
Sep 1Sep 12
Chatter Meter
1.1×
QuietNormal · 1×Loud

How loud $SATA's conversation on X is versus its own normal — 1× is typical, higher means busier. Right now it's about its usual level.

Bullish sentimentAI analysisGenerated by AI from underlying data19 posts analyzed · as of 2026-09-16

Strive's SATA has passed $1B in notional outstanding and closed at par for a 14th consecutive day, letting the ATM window fund another ~95 BTC purchase. The 66th consecutive daily dividend translates to a ~13% effective yield. Bulls frame the flywheel as "Bitcoin gold-rush era" and describe SATA as a lower-volatility digital-credit layer on top of $BTC, with STRC and structured products as later tiers. No bear voice.

Read what X is saying about $SATA

  • Bullish vs bearish call — with the AI summary of the day's posts
  • Divergence flag when the top-engagement posts argue the other side
  • How loud the conversation is versus this ticker's own normal
Free, forever. No credit card.

AI verdictAI analysisGenerated by AI from underlying data

TickerTalks' own read on what's driving $SATA — fundamentals, momentum, or an event — and whether it agrees with the X crowd.

Hinges on a big eventStalledAI verdict · as of 2026-09-19

The move has stalled — likely just drifts unless something new shows up.

The engine of the Strive Bitcoin treasury — a preferred stock trading at par to fund BTC accumulation.

SATA is not a common-equity trade — it's Strive Inc.'s variable-rate Series A perpetual preferred, sold at $100 par with a 13% coupon, whose entire purpose is to raise capital that the parent then converts into Bitcoin. The 'stock' price staying at par is the design goal, not a bullish signal.

  • The instrument is doing what it's designed to do: 66 consecutive daily-dividend payments, 14 straight days at par, and $1B in notional outstanding — that is the flywheel functioning, and every day at par the ATM window can issue more and buy more BTC (~95 BTC in the most recent cadence).
  • The 13% coupon is the whole yield story: on a preferred with a callable structure and a variable rate that resets, this behaves like a leveraged BTC-yield security — the current yield is generous because the credit is a BTC treasury company, not a diversified balance sheet.
  • The risk is asymmetric and structural: if the common (ASST) stops trading well above the BTC-per-share basis, the ATM stops working; if BTC has a sustained drawdown, the coupon math starts to fail and the preferred can trade below par fast — that's the whole thesis in one sentence.

What matters here is not a next-earnings catalyst — it's whether the SATA/ASST/BTC flywheel keeps rolling. A BTC pullback that pushes SATA below par (say, $95) is the tell that the flywheel is under pressure; a specific 8-K disclosing a coupon-reset or dividend-suspension event is the specific risk. Otherwise this trades within a narrow band around par, collecting the coupon.

Agrees with X sentimentThe 'lower-volatility digital-credit layer on top of BTC' framing is accurate — SATA is engineered to look like that, and it is working right now. Missing from the crowd's take is the asymmetric downside: par-and-below is the whole reason this yields 13%, and 'no bear voice' in the window is a warning sign, not a confirmation.

What to watch: SATA price trading below par (breaks the ATM issuance loop), any 8-K on coupon-rate reset or dividend deferral, and BTC price versus the recent ~$77-79k accumulation basis.

On the calendar: 2026-11-13 — Q3 earnings

Read the AI verdict on $SATA

  • One-line verdict on what's driving the move — fundamentals, momentum, both, or an event
  • Next dated catalyst when there is one (earnings, deal closing, activist clock)
  • Whether TickerTalks' read agrees with or diverges from the X crowd
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What it does

Plain-English summary of the business — what they sell and how they make money.

Variable-rate perpetual preferred stock issued by Strive Inc.; financial instrument with $100 stated value and no operating business equity.

Industry overviewAI analysisGenerated by AI from underlying data

Where Asset Management sits in its cycle right now — and what that implies for $SATA.

Asset Management · Financial Services

Alternative asset managers (private credit, infrastructure, real estate) continue gaining institutional AUM as yield-seeking persists; Innventure faces multiple securities fraud class actions with Oct 27 deadline, dominating this week's industry news. Strive's SATA passed $1B notional outstanding in its Bitcoin-accumulation preferred structure.

What this means for $SATA

Neutral — Perpetual preferred at $100 stated value with 12% variable dividend funding Bitcoin purchases; $1B notional milestone reached this week; total return depends on BTC accumulation, not AUM growth.

Top industry ETF

$IAIiShares U.S. Broker-Dealers & Securities Exchanges ETF
+1.4%YTD
+4.8%1Y

Fundamentals & catalyst

Profitability, valuation, and the next earnings event — at a glance, with rule-of-thumb signals.

Key ratios

P/E
-6.6How much investors are paying per dollar of profit the company actually earned in the last 12 months. Lower means the stock looks cheaper relative to earnings.~15–25 is typical for the S&P 500; high-growth names trade 30+; hyper-growth or speculative can be 100+ or negative.
ROIC
-7.0%What percentage return the business earns on every dollar of capital (equity + debt) deployed in operations. The cleanest measure of business quality.Above ~15% is high-quality; consistently above 25% suggests a real moat. Below the company's cost of capital is value-destroying.
Op margin
-12.7%Operating profit (after sales, marketing, R&D, and overhead but before interest and taxes) as a percentage of revenue. The clearest view of how well the underlying business is run.Mature business above 20% is healthy; software businesses can run 30%+; commodity / retail businesses operate in single digits.
FCF yield
-0.1%Free cash flow (operating cash flow minus capex) divided by the company's market cap. The cash-on-cash return you'd get owning the whole business at today's price.Above ~5% is attractive; below ~2% means you're paying up for growth. Capital-light businesses (software) run higher than capital-heavy ones (utilities).
P/S
11009.1Same idea as P/E but per dollar of revenue. Useful for companies that aren't profitable yet, where P/E is meaningless.Under ~2 is cheap; software / SaaS often runs 8–15; well above 20 implies the market is pricing in very high future growth.
ROE
-136%Net income as a percentage of shareholders' equity. Similar to ROIC but counts only the equity side.Above 20% is strong, but can be inflated by leverage — a heavily indebted company can show high ROE with weak underlying ROIC.
Gross margin
-6.1%Revenue minus the direct cost of producing what was sold, as a percentage of revenue. The first read on whether the product is structurally profitable.Software / SaaS is typically 70%+; consumer goods 30–50%; commodity / hardware businesses can be under 20%.
D/E
0.0Total debt divided by shareholders' equity. Measures how much the business runs on borrowed money versus owner capital.Under 1 is conservative; 1–2 is typical for mature businesses; over 2 is leveraged and more sensitive to interest rates.

Past earnings

QuarterReportedActualEstimateSurprise
Q2 2026Aug 10, 2026$-3.65$-0.95-284.2%
Q1 2026May 14, 2026$-4.53$-2.69-68.1%
Q4 2025Mar 19, 2026$-4.71$-0.02-23450.0%
Q3 2025Nov 14, 2025$-0.28——
Next earningsFri, Nov 13·consensus EPS $1.61

Quarterly trend

QuarterRevenueYoYGrossOpEPSFCF
Q1 FY26$2.8M+1516.4%-373%-647%$-4.53$-31.0M
Q4 FY25$1.5M+46.1%-1851%-2110%$-4.60$-11.0M
Q3 FY25$1.5M+56.8%96.4%-1511%$-6.20$-28.9M
Q2 FY25$173K—99.6%-1554%$-3.42$-1.7M

Forward consensus

3-year forecast · up to 4 analysts
FYRevenueRangeEPSRangeAnalysts
FY26$11.9M$11.6M – $12.2M-$2.33-$2.65 – -$1.774
FY27$11.3M$7.3M – $13.4M$0.55$0.41 – $0.624
FY28$11.8M$9.6M – $13.0M-$0.52-$0.59 – -$0.391

Setup & momentum

Volume, range, and moving-average position — the technical setup driving short-term moves.

Right now

Vol vs 30dToday's traded share volume divided by the average over the prior 30 trading days. ≥3× signals unusual interest; below 1× is quiet.2.2×Today's traded share volume divided by the average over the prior 30 trading days. ≥3× signals unusual interest; below 1× is quiet.
52w rangeWhere the latest close sits between the 52-week low (0%) and high (100%). Above 80% is extended; below 30% is basing or in a downtrend.94%Where the latest close sits between the 52-week low (0%) and high (100%). Above 80% is extended; below 30% is basing or in a downtrend.
vs 50d MALatest close vs the 50-day simple moving average. Positive = short-term trend is up.+1.2%Latest close vs the 50-day simple moving average. Positive = short-term trend is up.
vs 200d MALatest close vs the 200-day simple moving average. Positive = long-term trend is up.+3.4%Latest close vs the 200-day simple moving average. Positive = long-term trend is up.

Float & profile

FloatHigh float · 678.0M shFree-float shares — the slice of issued stock actually available to trade. Lower buckets squeeze harder on a catalyst.Traded today0.1% of floatToday's volume as a percent of the free float. Above 5% on a single day is unusually high turnover for the available share count.β-0.135-year weekly beta vs the S&P 500. Above 1.5 means the stock typically moves more than the index; below 0.8 moves less.

SEC filings

Material 8-K, 13D, S-3, and 424B5 events from the last 180 days — the filings that actually move the price.

Recent material filings

SC 13D/AActivist amendmentAug 26SC 13D/A
AI summary

Vivek Ramaswamy and affiliated entity Virtuous Industries LLC filed Amendment No. 2 to their Schedule 13D on Strive, Inc. (SATA), updating their reported ownership percentage due to Strive's ongoing issuance of additional Class A shares. Virtuous Industries holds approximately 106,245 shares representing 0.1% of the Class A shares outstanding. Dilution from Strive's continuing equity raises has reduced the reporting persons' percentage; no change in intent or voting/dispositive power.

8-KOther eventJun 88-K — Item 3.03 · Item 8.01: Other event
AI summary

Strive, Inc. (SATA) filed two Certificates of Amendment on June 5, 2026, to increase the number of authorized shares of its Variable Rate Series A Perpetual Preferred Stock (SATA Stock): the first effective June 5, 2026, and the second effective June 15, 2026 at 12:01 AM Pacific. The increase in authorized SATA Stock shares expands Strive's capacity to issue additional preferred shares under its ongoing ATM program. This is a dilutive structural change enabling accelerated at-the-market preferred stock sales to raise capital for bitcoin acquisitions and other corporate purposes.

424B5Prospectus supplement (offering)Jun 8424B5
AI summary

Strive, Inc. filed Amendment No. 1 to its 424B5 prospectus supplement on June 5, 2026, expanding its ATM program for Variable Rate Series A Perpetual Preferred Stock (SATA) from $500 million to $2.6 billion and adding five new sales agents (The Benchmark Company, StoneX, B. Riley, Maxim Group, H.C. Wainwright) alongside the three original agents. As of June 2, 2026, Strive had already sold 3,263,908 SATA shares for approximately $326.3 million in gross proceeds at a last reported price of $97.32/share. This $2.1 billion program expansion is highly dilutive to existing SATA holders and signals Strive's aggressive capital-raising strategy for bitcoin accumulation.

424B5Prospectus supplement (offering)Jun 5424B5
AI summary

Class A Common Stock offered by the prospectus, as amended by this amendment. As amended and restated, the Sales Agreement provided for Barclays Capital Inc., Clear Street LLC, The Benchmark Company, LLC, StoneX Financial Inc., B. Riley Securities, Inc., Maxim Group LLC (SATA) filed a 424B5 prospectus supplement related to an at-the-market (ATM) equity offering program. The program allows the company to sell up to $336.4 million of common shares over time through a sales agent into the market at prevailing prices. ATM programs provide flexible, dilution-minimized capital access without a traditional underwritten deal, typically used for growth capital or balance sheet management.

SC 13D/AActivist amendmentJun 1SC 13D/A
AI summary

An existing 5%+ holder of Strive, Inc. (SATA) filed Amendment No. 1 to its Schedule 13D to update the ownership percentage following ongoing Class A share issuances under Strive's ATM program. Routine percentage refresh; no change in investment intent.

8-KAgreement terminatedMay 148-K — Item 1.02: Agreement terminated · Item 5.03: Charter amendment
AI summary

Strive, Inc. (SATA) filed a second 8-K on May 13, 2026 disclosing termination of a material definitive agreement (Item 1.02) and an amendment to its articles of incorporation or bylaws (Item 5.03). Item 1.02 signals the end of a significant contract or arrangement, and Item 5.03 indicates a governance document change; the termination of a material agreement alongside a bylaw amendment may reflect a restructuring of Strive's corporate structure or a change in business direction.

SC 13DActivist position (5%+)May 11SC 13D
AI summary

Satellogic Inc. (SATA) received an original Schedule 13D beneficial ownership report from Vivek Ramaswamy or affiliated entities, establishing initial disclosure of ownership exceeding 5% of the company's outstanding shares. This active-investor filing signals non-passive intent, potentially including plans to engage management, seek board representation, or influence strategic direction. The filing details the number of shares held, acquisition dates, and stated purpose of the investment. This is the original filing that preceded subsequent amendments.

SC 13D/AActivist amendmentMay 11SC 13D/A
AI summary

Satellogic Inc. (SATA) received an amended Schedule 13D/A (Amendment No. 5) from significant shareholder Vivek Ramaswamy or affiliated entities reporting updated beneficial ownership above 5%. The amendment reflects changes in ownership percentage, investment intent, or plans regarding the company. As an active investor filing a 13D rather than passive 13G, Ramaswamy may have indicated intentions to engage with management or influence corporate direction. The filing discloses current share counts, voting power, and any updated purpose of transaction.

+ 43 other (28 routine 8-Ks · 9 13Gs · 2 10-Qs · 2 8-Ks) in window

Recent news

Latest headlines from major outlets, sourced and timestamped — context for whatever just moved.

Strive Announces Bitcoin Stewardship Commitment, Initial Support for Bitcoin Development Through Brinkglobenewswire.com·59d agoIt's not just STRC: Top preferred stocks like SATA and BMNP are slumpinginvezz.com·85d ago

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Voices on X · last 7 days

No standout posts about $SATA on X in the last 7 days.

TickerTalks is a research tool, not financial advice. We surface social-attention data; we do not make stock recommendations. Past attention is not predictive of future price movements.

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