Bitcoin Magazine's analysis suggests that Strive's newly listed SATS perpetual preferred stock, with its 15% fixed dividend rate, is likely to trade above its par value of $100. The article explains that if the market price of SATS reaches $115, Strive could raise capital at an effective financing cost of approximately 13% by issuing new shares. This capital could then be used to purchase Bitcoin, thereby increasing Net Bitcoin Per Share (Net BPS) with each issuance. The analysis posits that SATS's cumulative and fixed dividend characteristics may lead it to be priced in the market at a lower effective yield compared to similar products, which would push up its market price and result in the appreciation of Bitcoin assets.