Strive’s 5-Month-Old Bitcoin Preferred Stock Out-Trades JPMorgan in Daily Volume
BeInCrypto
Strive’s Bitcoin-backed preferred stock, SATA, has outperformed JPMorgan’s comparable offering in daily trading volume, demonstrating significant institutional interest.Summary
Strive’s Bitcoin-backed preferred stock, known as SATA, has achieved significant market traction, recently recording $43 million in daily trading volume—more than seven times that of JPMorgan’s comparable preferred stock. Launched just five months ago, SATA utilizes a variable dividend rate and a tight trading range to maintain its value near par. Analysts note that when normalized for Bitcoin holdings, SATA attracts substantially more trading flow per coin than larger competitors like Strategy, signaling strong institutional demand for Strive’s capital-efficient, Bitcoin-backed financial products.
(Source：BeInCrypto)