Strive to Make SATA Preferred Stock the First U.S.-Listed Security Paying Daily Cash Dividends

Image Credit: Strive

Strive Inc. announced that its Variable Rate Series A Perpetual Preferred Stock, trading under the ticker SATA, will become the first U.S.-listed security to pay cash dividends every business day, with daily payouts beginning June 16. 

The Dallas-based bitcoin treasury firm disclosed the structural change alongside first-quarter financial results that showed a $265.9 million GAAP net loss, driven almost entirely by a decline in the fair value of its bitcoin holdings.

Daily Compounding Raises Effective Annual Yield to 13.88% From Unchanged 13% Headline Rate

SATA currently pays a 13% annualized dividend on a monthly basis. The shift to daily payments leaves the headline rate unchanged but raises the effective annual yield to approximately 13.88% through the compounding effect across roughly 250 business days. 

CEO Matthew Cole described the change as a “zero-to-one innovation” and said the company would now operate under the identity of “The Daily Dividend Company.” He said in a statement accompanying the results:

“SATA will be the first listed security in the history of U.S. capital markets to pay cash dividends every single Business Day, beginning June 16, 2026, at a current annualized rate of 13.00%.”  

Strive Adds 6,001 BTC in Q1, Including 5,048 BTC From Semler Scientific Acquisition

Strive’s bitcoin holdings reached 15,009 BTC as of May 12, ranking the firm ninth among public corporate bitcoin holders as of May 12, according to Bitcoin Treasuries data. The company added 6,001 BTC during the first quarter, of which 5,048 BTC were absorbed through an all-stock acquisition of Semler Scientific. 

An additional 1,381 BTC were acquired in April and early May. The first-quarter GAAP net loss of $265.9 million was predominantly driven by a $295.8 million fair value decline in bitcoin holdings, a figure that accounted for 96.6% of the total reported loss.

Strive Reports Debt-Free Balance Sheet With $87.6 Million in Cash 

Alongside the earnings disclosure, Strive confirmed it carries no short-term or long-term debt, having repurchased its remaining long-term notes payable as part of the Semler Scientific acquisition process. The company’s balance sheet held $87.6 million in cash and a $50.5 million position in Strategy’s STRC preferred stock as of May 12, according to the company’s release: 

“Today, Strive stands debt-free, with zero margin requirements, and zero encumbered Bitcoin; a balance sheet purpose-built to thrive through Bitcoin volatility.”

Strive Sets June 16 Launch Date for Daily Dividend Payments on SATA 

Strive has said the June 16 start date will mark the first time a U.S.-listed security has paid cash dividends every business day. The 13% annualized rate on SATA remains variable and perpetual in its terms. Strive’s bitcoin holdings, now at 15,009 BTC, place it among the top ten publicly listed corporate holders of the asset globally, according to Bitcoin Treasuries data cited in the company’s disclosure.