BlackRock’s preferred stock ETF buys $39M in Strive’s SATS shares

The iShares fund disclosed its first position in Strive's 15% perpetual preferred, adding to an existing stake in the company's SATA shares BlackRock’s iShares Preferred and Income Securities ETF, which trades under the ticker PFF, has disclosed its first purchase of Strive’s SATS preferred stock. The fund now holds 412,353 shares, a position valued at an estimated $39.2 million based on holdings as of November 4, 2026. Strive is a Bitcoin treasury company. So one of the world’s largest asset managers now has a meaningful chunk of a security built to help a company buy more Bitcoin. What PFF actually bought The security in question is Strive Inc.’s 15.00% Series A Perpetual SATS Preferred Stock. It trades on Nasdaq under the ticker SATS. The exact value of PFF’s stake, per its holdings data, comes to $39,177,658.53. The headline feature of SATS is its yield. The shares carry a fixed 15% annual dividend on a stated amount of $100. Think of preferred stock as the middle child of corporate finance. It sits between bonds and common shares, typically paying a set dividend rather than offering the full upside of common equity. “Perpetual” means there is no maturity date, so holders colle...