What does the Strive perpetual preferred stock surpassing $100 mean? New opportunities for continuous Bitcoin accumulation

According to PANews on January 19, the perpetual preferred stock (SATA) of Bitcoin asset management company Strive broke through the $100 per share par value for the first time last Friday. What does this breakthrough mean? In short, it opens a new path for Strive to continue expanding its Bitcoin holdings through larger-scale financing.

Currently, BTC is trading around $89.29K, and Strive’s balance sheet holds 12,797 Bitcoins, with common stock priced at $0.94. SATA offers a 12% dividend yield, with an actual yield of 12.2%.

Par value breakthrough signifies an upgrade in financing capability

The stock price surpassing the par value means Strive can raise funds more efficiently through ATM (at-the-market) issuance channels. This is crucial for Bitcoin treasury companies — by issuing premium stocks, the company can raise cash at a more favorable cost, then invest more capital in purchasing Bitcoin, creating a positive feedback loop.

This structural design fully leverages market sentiment. When investors are optimistic about the company’s prospects, stock premium trading activates the financing engine, helping the company quickly build positions during Bitcoin’s big rallies.

Why a 12% dividend yield supports SATA’s upward movement

The reason SATA can steadily rise is its core appeal lies in the 12.2% actual yield. This level of return is highly competitive in the current interest rate environment, attracting many investors seeking stable income. The high dividend yield not only supports the stock price but also reinforces market expectations of the company’s future growth potential.

Direct competition with Strategy’s STRC

Strive’s breakthrough is not an isolated event. Similarly positioned Bitcoin reserve product STRC under Strategy reached its par value earlier this month. Last week, STRC’s trading volume hit $755 million, with $582 million trading above par value, setting a weekly record. The competition between these two products is intensifying, driving innovation across the entire Bitcoin treasury sector.

The par value breakthrough of SATA means Strive also has the opportunity to catch up with Strategy in the race for financing, leveraging more aggressive fundraising strategies to gain an edge in the Bitcoin cycle.