Samson Mow says SATA rebound could pull Strategy’s STRC to par

Strive’s SATA preferred shares have recovered nearly 16% from their June low to about $97, prompting Jan3 CEO Samson Mow to predict that the rebound could help Strategy’s STRC return to its $100 par value. Summary Strive’s SATA has rebounded nearly 16% from its June low to about $97. Samson Mow expects SATA’s recovery to help Strategy’s STRC return toward its $100 par value. Three major U.S. preferred stock ETFs collectively hold $756 million worth of STRC. Yahoo Finance data show SATA has climbed from $83.30 and now trades within roughly 3% of the level it was designed to track. The recovery has erased most of the preferred stock’s late-June decline, while STRC remains about 13% below par despite receiving increased demand from major U.S. exchange-traded funds. Source: Yahoo Finance According to Mow, steps taken by Bitcoin treasury companies to improve their balance sheets and support their preferred shares have started rebuilding confidence in the products. He told Cointelegraph that SATA’s return toward $100 could reassure investors that the funding structure used by Strive and Strategy remains functional. “I think every action that Strategy has undertaken to strengthen their ba...