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SASATA

Strive, Inc. Variable Rate Series A Perpetual Preferred Stock

Rising onWhy it's trendingStrong bullish X conversationBacked by solid revenue growth
$SATA·$70B·Asset Management·Financial Services
$100.01+0.3%YTD+3.6%1Y+13.6%
Mentions · last 7 days
2026-08-22: 37 posts2026-08-23: 17 posts476+5%
Price updated 5h ago·X counts updated 8d ago
SASATA
$SATAStrive, Inc. Variable Rate Series A Perpetual Preferred Stock
$100.01+0.26%476 posts+5%
AI analysisFundamentalsVoices on X
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AI verdict & sentimentAI analysisGenerated by AI from underlying data

Top X posts

Today's AI verdict on what's driving $SATA, plus how loud the X conversation is and which way it's leaning.

AI analysis

TickerTalks’ read on the fundamentals and what’s driving the move.

Driven by hypeAcceleratingAI verdict · as of 2026-08-30

The move is getting stronger, with heavier trading behind it.

Strive's ~13%-yielding preferred is the funding engine for its Bitcoin treasury — raising $80M+ in a week to buy more BTC.

SATA is Strive's Series A perpetual preferred stock — a fixed-yield instrument (~13% APR at par) that Strive is using as its capital-raising vehicle to fund Bitcoin purchases. It trades near par because the coupon plus the equity's premium-to-NAV flywheel keeps demand strong while the ATM is active.

How it works:

  • The preferred is a genuine credit product with a Bitcoin-backed narrative: 13% yield on a Bitcoin-treasury balance sheet is generous by preferred standards, and daily volume (~$35M) is ~8.75x JPM's benchmark preferred — real flow, not thin.
  • Capital raise pace is meaningful: Strive raised $44M+ in two days via SATA (the 429-BTC single-day pace), which funded the parent's 1,110-BTC purchase this week at ~$73.4K/coin — the flywheel the crowd calls 'digital-credit firing on all cylinders' is mechanically running.
  • The security is a leveraged bet on BTC price and premium: shares at the 93rd percentile of the 52-week range and volume 2x baseline — a rate-sensitive preferred trading as a Bitcoin proxy, which cuts both ways in a BTC drawdown.
  • Size vs MSTR worth naming: Strive's ~$80M weekly raise is dwarfed by MSTR's ~$2B pace — the flywheel is genuine but the scale is still an order of magnitude smaller.

Two variables to watch: BTC above ~$70K keeps the SATA-funded flywheel spinning; a BTC drawdown compressing ASST's premium-to-NAV kills the ATM's economics, and SATA reprices below par once the funding engine stops.

Agrees with X sentimentAgree with the mechanics — the crowd's specifics (single-day 429 BTC, $80M weekly raise, 8.75x JPM.PRD daily volume, ATM cancellation on Fed-Warsh day) match the observable data; the honest caveat they mostly skip is that SATA is a leveraged-BTC preferred, so it reprices below par if the ASST premium-to-NAV compresses.

What to watch: Bitcoin price above/below ~$70K and the ASST premium-to-NAV — a BTC drawdown compressing the equity's premium kills the SATA ATM's economics, and the preferred reprices below par once the funding engine stops.

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

float missing

X sentiment

What the X crowd is saying right now — descriptive, summarised from the day’s posts.

Bullish sentiment121 posts analyzed · as of 2026-08-30

Strive's Bitcoin-backed preferred has become a live-tracked printer in this feed, and the tone is unmistakably bullish. Posters count 59 consecutive daily dividends at a 13% annualized rate, roughly 1,000-plus BTC per week bought through the ATM, seven straight sessions at par, and a $100M-plus weekly raise. The only real griping is that Strategy's STRC lags SATA's momentum.

Read the AI verdict + X sentiment for $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)
  • X crowd read with bullish/bearish call + post volume
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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

Equity market strength is driving AUM growth through market appreciation more than net flows; fee compression continues in passive products while alternatives and private markets hold pricing. Rising markets mask organic flow dynamics — the structural story is the shift toward private asset exposure.

What this means for $SATA

Direct beneficiary — business directly tied to crypto market cap and adoption cycle; Variable-rate perpetual preferred stock issued by Strive Inc.

Top industry ETF

$IAIiShares U.S. Broker-Dealers & Securities Exchanges ETF
+5.0%YTD
+13.1%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 $1.60

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

2-year forecast · up to 4 analysts
FYRevenueRangeEPSRangeAnalysts
FY26$12.1M$11.0M – $13.2M-$3.86-$5.05 – -$2.804
FY27$10.7M$7.0M – $15.1M-$0.34-$0.45 – -$0.254

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.2.1×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.93%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.+2.7%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.+3.7%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.FilingActive offeringA shelf registration (S-3 / S-3ASR / S-1) or prospectus supplement (424B*) was filed in the last 90 days — the company is registered to (or actively) issuing new shares. Dilution risk.

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.

+ 44 other (25 routine 8-Ks · 9 13Gs · 2 10-Qs · 2 earnings 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·41d agoIt's not just STRC: Top preferred stocks like SATA and BMNP are slumpinginvezz.com·67d ago

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