PreferredActive$SATABTC
SATA
$17.67▼ 0.73%
BTC Holdings
16,500 BTC
Total Debt
$575.97M
Leverage
0.0%
mNAV
1.10x
Notional
$575.97M
Issue date
2025-11-10
Price
$100.01▲ 0.01%
Dividend / Share
$13/yr
Face Value
$100
Eff. Yield
13.00%
Mkt Cap
$576.03M
Shares Outs.
5,759,719
Updated 11h ago
Terms & Documentation
Terms
- BTC strategy
- Yes
- Ranking
- Senior to common stock
- Liquidation preference
- $100 per share (stated amount); adjusts upward to greatest of: stated amount, last sale price on prior trading day if issuing new shares, or 10-day trailing average of last reported sale prices
- Cumulative
- Yes
- Payment frequency
- Monthly
- Payment dates
- 15
- Rate type
- Floating
- Rate reference
- Variable at issuer discretion; initial rate 12% p.a.; floor tied to 1-month term SOFR; max reduction of 25 bps plus SOFR decrease per period
- Call provision
- Redeemable at any time at $110/share (or higher at issuer discretion) plus accumulated unpaid dividends. Partial redemption requires >=$50M stated amount remaining. Clean-up redemption if <25% of all SATA shares ever issued remain. Tax event redemption at liquidation preference plus accumulated unpaid dividends.
Participants
Holders & Underwriters(3)
- Form 8-K (SATA follow-on …Barclays Capital Inc.underwriteras of 2026-01-22Joint book-running manager for SATA follow-on offering
- Form 8-K (SATA follow-on …Cantor Fitzgerald & Co.underwriteras of 2026-01-22Joint book-running manager for SATA follow-on offering
- Form 8-K (SATA follow-on …Clear Street LLCunderwriteras of 2026-01-22Co-manager for SATA follow-on offering
Outstanding History
Outstanding history(9)
| As of | Shares Outstanding |
|---|---|
| 2026-05-22 | 5,759,719 |
| 2026-05-18 | 5,244,421 |
| 2026-05-01 | 4,959,536 |
| 2026-04-24 | 4,573,194 |
| 2026-04-02 | 4,373,194 |
| 2026-03-17 | 4,275,118 |
| 2026-02-11 | 4,265,518 |
| 2025-12-31 | 2,012,729 |
| 2025-11-10 | 2,000,000 |
- 2026-05-22 — 5,759,719 sharesForm 8-K (bitcoin purchas…
- 2026-05-18 — 5,244,421 sharesForm 8-K (BTC purchase Ma…
- 2026-05-01 — 4,959,536 sharesForm 8-K (BTC and capital…
- 2026-04-24 — 4,573,194 sharesForm 8-K (Bitcoin treasur…
- 2026-04-02 — 4,373,194 sharesForm 8-K (BTC treasury up…
- 2026-03-17 — 4,275,118 sharesQ4 2025 Financial Results
- 2026-02-11 — 4,265,518 sharesForm 8-K (Dividend Rate I…
- 2025-12-31 — 2,012,729 sharesForm 8-K (Q4 2025 Prelimi…
- 2025-11-10 — 2,000,000 sharesForm 8-K (SATA IPO Closin…