[Strive Preferred Stock SATA Market Cap Approaches $1 Billion, STRC Continues to Underperform] According to a report by CoinDesk on September 9, Bitcoin treasury company Strive's perpetual preferred stock SATA has a market cap approaching $1 billion. The company holds 24,531 Bitcoins, valued at approximately $1.96 billion. SATA offers an annualized dividend yield of 13%, aiding Strive in ongoing fundraising efforts. In contrast, Strategy's similar preferred stock STRC has an annualized dividend yield of 12%, but its stock price continues to underperform its par value and has failed to return to $100 since May. Last week, Strive increased its Bitcoin holdings by 1,375 BTC at a cost of $109 million, with an average price of $79,281 per Bitcoin. This brings its total Bitcoin holdings to 24,531 BTC, with a total portfolio value of approximately $1.96 billion.