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SASATA

Strive, Inc. Variable Rate Series A Perpetual Preferred Stock

Hot onWhy it's trendingX chatter spiked vs its recent normStrong bullish X conversationBacked by solid revenue growth
$SATA·$68B·Asset Management·Financial Services
$97.71-2.3%YTD+3.5%1Y+11.0%
Mentions · last 7 days
2026-06-13: 20 posts2026-06-14: 17 posts2026-06-15: 162 posts2026-06-16: 200 posts2026-06-17: 226 posts2026-06-18: 227 posts2026-06-19: 75 posts928+9%
Price updated 19h ago·X counts updated 18h ago
SASATA
Strive, Inc. Variable Rate Series A Perpetual Preferred Stock$SATA
$97.71-2.30%928 posts+9%
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.

Proven numbersAcceleratingAI verdict · as of 2026-06-20

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

Strive's 13% perpetual preferred is gaining real product traction — daily dividends, ATM-funded BTC buys, and $77-98M of daily volume.

SATA is the Variable Rate Series A Perpetual Preferred of Strive, Inc. — a 13.0% perpetual preferred currently trading around par ($97.71 against a $100 face value), with a daily-dividend structure that has been the centerpiece of Strive's 'digital credit' product launch. The underlying parent (ASST) holds 19,105 BTC and $141M of USD reserves with zero debt. SATA-specific catalysts: a first close at par on $77-98M of daily volume, and management buying 32-73 BTC per cycle from ATM-funded proceeds. The board reaffirmed the 13% dividend rate effective July 1, 2026. Trades at 11,000x sales (irrelevant for a yield-product structure). The structural risk: as with most novel-product preferreds, the question is whether the discount-to-par eventually widens as STRC's did, and whether 13% on perpetual paper holds up if rates move sharply lower or BTC backs off.

Agrees with X sentimentThe X bull thread on SATA's first close at par since May 29, $77-98M sustained daily volume, the CEO's 'most difficult day in Digital Credit history' reframe being shrugged off, and ~300 BTC/day accumulation as the ATM window reopens is reading the product traction correctly. The skeptics' 'will eventually trade down like STRC' framing is the right structural caution.

What to watch: SATA price discipline relative to par (any sustained discount-to-par signals the daily-dividend product is failing to maintain demand), and the pace of ATM-funded BTC accumulation versus equity issuance. Any rate-rate move below 4% materially impacts the 13% perpetual's relative attractiveness; STRC-style widening is the tail.

On the calendar: 2026-09-02 — next reporting period

preferred stock structure

X sentiment

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

Bullish sentiment159 posts analyzed · as of 2026-06-19

Strive's $SATA preferred — the centerpiece of the company's new daily-dividend digital-credit product — just printed its first close at par ($100) since May 29, with ~$77-98M in daily volume sustained over multiple sessions. Bulls highlight CEO Cole's reframe of a difficult tape as 'the most difficult day in Digital Credit history' that the market shrugged off, and an estimated ~300 BTC/day being accumulated as the ATM window reopens. Skeptics flag that even SATA will eventually trade down to STRC-like discounts and that perpetual preferred yields are not risk-free. Tone is bullish optimism around a new financial product proving traction.

Read the AI verdict + X sentiment for $SATA

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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 are deploying capital into two parallel structural opportunities — AI infrastructure (data centers, power, logistics) and Bitcoin treasury strategies, both of which require patient institutional capital that private market firms uniquely provide. The CLARITY Act regulatory clarity accelerates crypto AUM flows at capital markets firms.

What this means for $SATA

Neutral — variable-rate perpetual preferred stock of Strive Inc. at $100 stated value; preferred instrument priority means returns are fixed-income-like rather than capturing Bitcoin treasury upside equity optionality.

Top industry ETF

$IAIiShares U.S. Broker-Dealers & Securities Exchanges ETF
+3.4%YTD
+17.2%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
Q1 2026May 14, 2026$-4.53$-2.69-68.1%
Q4 2025Mar 19, 2026$-4.71$-0.02-23450.0%
Q3 2025Nov 14, 2025$-0.31——
Next earningsWed, Sep 2·consensus EPS $-0.04

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-$5.30 – -$2.964
FY27$10.7M$7.6M – $16.4M-$0.34-$0.47 – -$0.263

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.3.1×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.—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.-1.5%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.—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 today0.2% 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-0.255-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

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.

8-KShareholder voteMay 18-K — Item 5.07: Shareholder vote
AI summary

Satellogic Inc. (SATA) filed an 8-K reporting results of its annual shareholders' meeting under Item 5.07. Shareholders voted on routine governance matters including director elections and ratification of the independent auditor. Given the company's shareholder base which includes activist investor Vivek Ramaswamy, vote outcomes may be of particular interest. Detailed vote tallies for each proposal are included in the filing.

+ 79 other (30 425s · 17 routine 8-Ks · 13 13Gs · 6 8-Ks) in window

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