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. The security in question is Strive Inc.’s 15.00% Series A Perpetual SATS Preferred Stock. It trades on Nasdaq under the ticker SATS.

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