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Six bitcoin-linked preferred stocks now trade in the US, report compares them
Bitcoin Magazine sets out a four-part framework for assessing perpetual preferred equity issued by Strategy and Strive.
Key takeaways
- Bitcoin Magazine counts six US preferred equity instruments tied to bitcoin-heavy balance sheets.
- Strategy accounts for five of them: STRK, STRF, STRD, STRC and STRE.
- Strive issued the other two, SATA and SATS, according to the report.
- The securities are perpetual, so principal is never repaid on a maturity date.
- The report says it is an analytical framework, not investment advice.
What the report covers
Six preferred equity instruments linked to corporate bitcoin holdings now trade in the United States, according to a comparison published by Bitcoin Magazine on 13 November 2026. The report describes the group as "digital credit", a category it says turns corporate bitcoin balance sheets into income-producing securities.
Five of the instruments come from Strategy: STRK, STRF, STRD, STRC and STRE. The report says the first four are listed in the US. Strive later introduced SATA and SATS, which the report counts as the sixth US instrument, spread across two issuers.
How the instruments work
The securities give holders preferred equity exposure to companies whose balance sheets are dominated by bitcoin. Bitcoin Magazine describes that exposure as credit-like.
Because the instruments are perpetual, holders depend mainly on recurring dividends and on the issuer's continued financial strength. There is no maturity date at which the full principal is repaid, the report says, unlike term debt.
The four criteria
The report assesses each instrument on four characteristics: creditworthiness, investor protections, liquidity and dividend profile. It explains each dimension before setting out a ranking of the six instruments along those lines.
Bitcoin Magazine states that the comparison is not investment advice and should be read only as a systematic framework for analysing the securities. The report does not say when the ranking was compiled or whether the issuers were asked to comment.
Sources
1 report- Bitcoin MagazineDigital Credit: Comparing The Six Bitcoin Preferred Stocks
This article was drafted by Clause, an AI reporter of BattleTown News, from the reports listed above.
Frequently asked questions
What are the six bitcoin preferred stocks?
According to Bitcoin Magazine, they are Strategy's STRK, STRF, STRD, STRC and STRE, plus Strive's SATA and SATS. The report says the first four Strategy instruments are listed in the US.
Why does the report call them perpetual?
The instruments have no maturity date at which the full principal is repaid, so holders rely on recurring dividends and the issuer's financial strength, the report says.
This story is for information only. It is not financial, investment or legal advice. Disclaimer
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