--- title: "Bitcoin Magazine outlines accretion mechanics of Strive's SATS preferred stock" description: "Bitcoin Magazine published an analysis of how Strive's newly issued SATS perpetual preferred stock could increase net Bitcoin per share if shares trade above their $100 stated amount. The article says SATS pays a fixed cumulative annual dividend of $15 per share, a 15% rate on the $100 stated…" language: en canonical: "https://whycoinmoves.com/en/events/bitcoin-strive-s-sats-how-15-f737140a1dee4b" published: 2026-10-21T13:54:01.000Z updated: 2026-10-22T13:55:01.000Z indexable: false --- # Bitcoin Magazine outlines accretion mechanics of Strive's SATS preferred stock Bitcoin Magazine published an analysis of how Strive's newly issued SATS perpetual preferred stock could increase net Bitcoin per share if shares trade above their $100 stated amount. The article says SATS pays a fixed cumulative annual dividend of $15 per share, a 15% rate on the $100 stated… Attributed sources: [Bitcoin Magazine]() ## Key facts Bitcoin Magazine published an analysis of how Strive's newly issued SATS perpetual preferred stock could increase net Bitcoin per share if shares trade above their $100 stated amount. The article says SATS pays a fixed cumulative annual dividend of $15 per share, a 15% rate on the $100 stated amount, and gives a hypothetical of a $115 market price leading to $115 million in gross proceeds from a one-million-share offering against $100 million in preferred claims. Evidence strength: Single source, 1 publisher group(s) (Bitcoin Magazine); this describes source coverage, not truth or causation. After site detection, observed returns were 5 minutes: +0.12% (21/10/2026, 13:54 → 21/10/2026, 13:59, UTC; Gate · USDT); 1 hour: +0.96% (21/10/2026, 13:54 → 21/10/2026, 14:54, UTC; Gate · USDT); 24 hours: -2.61% (21/10/2026, 13:54 → 22/10/2026, 13:54, UTC; Gate · USDT). Unlisted windows are unavailable. In the preceding 30 days, the 99th percentile of absolute hourly returns was 1.23% (OKX · USDT; cutoff 21/10/2026, 13:54, UTC). This hourly baseline is not directly comparable with a minute move. ## Returns after site detection | Window | Return | BTC | Difference from BTC | Actual sampled interval (UTC) | Source | | --- | --- | --- | --- | --- | --- | | 5 minutes | +0.12% | +0.12% | 0.00 pp | 21/10/2026, 13:54 → 21/10/2026, 13:59 | Gate · USDT | | 1 hour | +0.96% | +0.96% | 0.00 pp | 21/10/2026, 13:54 → 21/10/2026, 14:54 | Gate · USDT | | 24 hours | -2.61% | -2.61% | 0.00 pp | 21/10/2026, 13:54 → 22/10/2026, 13:54 | Gate · USDT | ## Historical hourly baseline | Metric | Value | | --- | --- | | Ready | true | | Coverage | 100.0% (720/720) | | Median absolute hourly return | 0.14% | | 99th percentile of absolute hourly returns | 1.23% | | BTC beta | 1.00 | | Source / cutoff (UTC) | OKX · USDT / 21/10/2026, 13:54 | ## Claims and open questions - Bitcoin Magazine described SATS as carrying a fixed annual dividend of $15 per share based on a $100 stated amount, junior to Strive's SATA preferred stock, with cumulative and potentially deferrable payments. - Bitcoin Magazine outlined a hypothetical in which SATS trading at $115 and Strive issuing one million shares via an at-the-market offering would raise $115 million in gross proceeds while creating $100 million in preferred claims, leaving $15 million accretive to net Bitcoin per common share. - Bitcoin Magazine stated that a 13% effective yield would imply a SATS market price of $115.38 and compared it with Strategy's STRD, which it said trades around $71, 29% below its $100 stated amount, with a fixed $10 annual dividend. - Has Strive issued any public statement or filing specifying how proceeds from SATS offerings would be allocated to Bitcoin purchases? - What dividend declaration schedule and any deferral terms has Strive's board set for SATS beyond the fixed $15 annual rate? ## Source evidence - [Strive’s SATS: How 15% Yield Becomes A Bitcoin Accretion Machine]() — Bitcoin Magazine; published 21/10/2026, 13:52; received 21/10/2026, 13:54 (UTC). ## Recent BTC events and market reactions - [Chinese court accepts prosecutors' bid to confiscate Bitcoin seized in UK]() — Published 22/10/2026, 06:24 (UTC) · Multiple publishers (3 publishers) · General news · 5m -0.02% / 1h -0.41% / 24h -0.94% - [US spot Bitcoin ETFs take in about $1.07 billion over three sessions]() — Published 22/10/2026, 04:41 (UTC) · Multiple publishers (3 publishers) · Market watch · 5m +0.05% / 1h +0.07% / 24h -1.31% - [Bitcoin slips below $82K after Tesla and Meta results unsettle tech markets]() — Published 22/10/2026, 03:51 (UTC) · Multiple publishers (2 publishers) · Market watch · 5m +0.13% / 1h +0.04% / 24h -1.04% - [Bitcoin rises above $84,500 as SpaceX earnings lift tech stocks]() — Published 21/10/2026, 15:13 (UTC) · Multiple publishers (2 publishers) · Market watch · 5m +0.15% / 1h +0.25% - [SpaceX and Tesla boards weigh merger that would combine 30,221 bitcoin]() — Published 21/10/2026, 09:23 (UTC) · Multiple publishers (2 publishers) · General news · 5m +0.08% / 1h -0.21% / 24h -2.08% - [Full coin archive]() ## Research for this archive - [Altcoin beta to Bitcoin: BTC, ETH, SOL and DOGE hourly returns]() - [Perpetual funding rates and annualized yield: a 2025 comparison]() - [Bitcoin halving and bull markets: evidence from four halvings]() - [Bittensor (TAO): Bitcoin beta, volatility and the AI crypto narrative]() [Methods and limitations]() Publisher count is not independent evidence count. Price changes cannot verify news or prove causation.