Stripe's SATA market value approaches $1 billion, while STRC continues to underperform
The market value of SATA, a subsidiary of Bitcoin treasury company Stripe, is approaching $1 billion, holding 24531 bitcoins worth approximately $1.96 billion, with an annualized dividend yield of 13%. STRC, a similar preferred stock under Strategy, has an annualized dividend of 12% and its stock price continues to underperform its face value, failing to return to $100 since May. Last week, Stripe increased its holdings of 1375 bitcoins by $109 million, with an average price of $79281 per bitcoin.