Strive's SATA rebounds to $97 as Samson Mow says Bitcoin bottom is in

Strive's SATA preferred shares have recovered most of their June decline, trading within 3% of par as confidence returns to Bitcoin treasury financing models.

Strive's SATA preferred shares rose 16% to about $97 from a June low of $83.30, moving within 3% of their $100 par value, Yahoo Finance data shows.

"I think every action that Strategy has undertaken to strengthen their balance sheet and encourage STRC to go back to par is also working," Jan3 founder and CEO Samson Mow told Cointelegraph. "But everything sort of works in tandem. I think as SATA returns to par, you're going to see STRC return to par too."

Strategy's STRC, a similar variable-rate perpetual preferred stock launched in 2025, also fell sharply during the late-June selloff before recovering to about $87, though it remains below par. Strive holds 19,921 Bitcoin, making it the seventh-largest public corporate holder, while Strategy leads with 843,775 BTC, according to BitcoinTreasuries.NET.

The improving performance of preferred-share products is part of a broader shift in the Bitcoin treasury sector, Mow said, pointing to Lyn Alden's Orange Juice treasury company — which launched July 15 with plans to operate a Bitcoin treasury — as evidence of firms entering the market with different approaches and a lower Bitcoin cost basis.

Preferred-Share Model Faces Market Test

SATA, introduced by Strive in November 2025, is a variable-rate perpetual preferred stock designed to trade near its $100 par value by adjusting its dividend rate. The structure allows Strive to raise capital for its Bitcoin treasury without issuing additional common shares. Strategy describes similar products as "digital credit."

Mow said the recovery of SATA and STRC demonstrates that the preferred-share model remains viable. "Everyone is capitalized for three or more years of dividend payments... there was no reason to panic all along," he said.

The rebound comes as Strategy raised $263.5 million through MSTR sales, further strengthening its balance sheet. Mow said these actions are beginning to restore confidence in preferred-share products, supporting his view that Bitcoin has already found its bottom.

This article is for informational purposes only and does not constitute investment advice.