KG Tell me more about $SATA 😇 Gemini $SATA (Strive’s Variable Rate Series A Perpetual Preferred Stock) is a senior perpetual preferred stock issued by Bitcoin treasury company “Strive, Inc. (Nasdaq: ASST).” It belongs to a new category of financial instruments called “Digital Credit,” and was listed at the end of 2025 as an income-generating investment product tied to Bitcoin, designed to deliver high dividends alongside relatively stable pricing. Key Features (as of April 2026): Ticker: $SATA (listed on Nasdaq) Type: Perpetual Preferred Stock → No maturity date Target Price Range: $99–$101 (the Board adjusts the dividend rate to maintain price stability) Current Annual Dividend Yield: 13.00% (variable rate, paid monthly) https://t.co/thb4TG94A1 Dividend Payments: Monthly (e.g., for a May 15 payment, approximately $1.0833 per share) Tax Treatment (for U.S. investors): Typically treated as a “Return of Capital,” potentially deferring taxes (due to limited retained earnings at the company) Priority: Senior in capital structure; preferred over common stock ($ASST) for dividends and liquidation proceeds Why can it offer such high dividends? Strive is a company holding substantial Bitcoin (approximately 13,768 BTC as of April 2026), and uses its total assets (BTC + cash + STRC investments) as collateral to fund SATA’s dividends. The Board periodically adjusts the dividend rate (recently increased from 12.75% to 13.00%). Cash and STRC reserves provide coverage equivalent to over 19 years of dividends (based on a BTC price assumption of ~$74,750). Strive itself holds approximately $50M worth of $STRC (a similar instrument issued by Strategy Inc.), creating a mutually reinforcing credit structure. In essence, Bitcoin’s volatility is absorbed by the common stock ($ASST), while $SATA is engineered to provide stable, high-yield returns. https://t.co/rdoQTxvWXY Relationship with $STRC (in context of ZynxBTC posts): $STRC: A similar preferred stock issued by Strategy Inc. (formerly linked to MicroStrategy), currently yielding ~11.5%. $SATA: A slightly senior, higher-yielding version issued by Strive (13%). Holding both at a 50:50 ratio yields a blended return of ~12%. Recent discussions suggest a shift toward biweekly payments, potentially enabling near-weekly dividend income when combined — forming the basis of the “New American Dream” proposal. Advantages: - Stable, high monthly (or potentially biweekly) dividends - Designed for price stability (~$100 target range) - Indirectly linked to the Bitcoin ecosystem while being tradable in traditional brokerage accounts (e.g., Robinhood, Fidelity) - Well-suited for expatriates seeking “geographic arbitrage” — living affordably abroad while earning high yields Risks & Considerations: - Variable yield: Subject to Board discretion and influenced by market conditions and BTC price - Credit risk: Dividends could be reduced if Strive’s Bitcoin holdings or financial health deteriorate (though current reserves are highly conservative) - Price risk: Deviation from the target range may result in capital loss (currently trading frequently near $99–$100) - Liquidity: A relatively new instrument; exercise caution with large trades - Tax & regulatory: U.S. citizens residing abroad may be subject to FATCA and other reporting obligations