The fixed income side of corporate Bitcoin: yield and fixed-dividend instruments issued by companies holding Bitcoin on their balance sheets. It covers the perpetual preferred shares of MicroStrategy (STRK, STRF, STRC, STRD) and Strive (SATA), plus convertible bonds, senior notes and BTC-linked fixed income ETFs. For investors seeking dividend income with Bitcoin exposure, this is the institutional route. Prices and effective yields update live from Yahoo Finance.
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Terms data: SEC prospectuses · Dividend history: official issuer announcements · Intraday prices: Yahoo Finance (~15 min delay)
Bitcoin fixed income — frequently asked questions
What is Bitcoin fixed income?
Bitcoin fixed income refers to debt instruments and preferred shares issued by companies with a Bitcoin treasury that pay a fixed coupon or dividend. They provide a predictable income stream with indirect exposure to the issuer's Bitcoin strategy, without buying BTC directly. The best-known are the perpetual preferreds of MicroStrategy (STRK, STRF, STRC, STRD) and Strive (SATA).
Can you earn dividends tied to Bitcoin?
The most established institutional route to a Bitcoin-linked dividend is the perpetual preferred stock of treasury companies: instruments such as STRC (11.5% per year) or SATA (13%) pay a fixed periodic dividend — usually in cash — backed by a company whose reserve asset is Bitcoin. It is not a dividend paid in BTC, but fixed income with exposure to the Bitcoin thesis. Treasury companies also generate direct yield on their own BTC, but that return is reinvested on the balance sheet.
What is MicroStrategy's STRC?
STRC (Stretch) is MicroStrategy's (Strategy's) third perpetual preferred stock and the first with monthly payments. It offers a fixed 11.5% annual dividend on a $100 par value and is designed to trade near par. It is the highest-yielding instrument in the series. Its live price and effective yield are on its SatsIntel profile.
What is Strive's SATA?
SATA is the preferred stock of Strive — the asset manager founded by Vivek Ramaswamy — linked to its Bitcoin treasury. It is a variable-rate perpetual preferred with monthly payments and a reference yield of 13%. It is Strive's equivalent to MicroStrategy's preferreds, and we cover it with real-time data on its profile.
What is the yield on MicroStrategy's preferreds?
MicroStrategy (Strategy) has four perpetual preferreds with different coupons: STRK at 8% (quarterly), STRF at 10% (quarterly), STRD at 10% (quarterly) and STRC at 11.5% (monthly). The actual effective yield depends on each instrument's market price relative to its $100 par value, which we update live on SatsIntel.