Strive’s SATA stock will become the first U.S. listed security to pay cash dividends every business day.
Summary
- Strive’s SATA preferred stock will begin daily cash payments on June 16, 2026, at a maintained annualized rate of 13%.
- Daily compounding lifts the effective annual yield to approximately 13.88%, a 7.6 basis-point improvement over monthly payment structures.
- Strive now holds 15,009 bitcoin, has retired all outstanding debt, and holds $87.6 million in cash as of May 12.
Strive (Nasdaq: ASST) announced on May 14 that its Variable Rate Series A Perpetual Preferred Stock will shift from monthly to daily dividend payments, effective June 16. Holders of record on each preceding business day will be eligible for each payment, resulting in approximately 250 annual payments instead of 12.
“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%. This is a true zero-to-one innovation,” said Matthew Cole, chairman and CEO of Strive.
The shift does not change the stated 13% annual rate. It increases the effective annual percentage yield to approximately 13.88% through more frequent compounding, a 7.6 basis-point improvement Strive says positions SATA as a cash yield instrument that competes with money market alternatives.
The company described the structure as targeting income-focused investors looking for yield above conventional fixed-income products.
What the Q1 results show
Alongside the dividend news, Strive reported a GAAP net loss of $265.9 million for the quarter ended March 31, driven primarily by a $295.8 million fair-value decline in its bitcoin holdings.
Revenue came in at $2.8 million, up from $1.4 million in the prior year period. Strive expanded its bitcoin treasury to 15,009 BTC during Q1, including 5,048 BTC from the Semler Scientific acquisition and 953 BTC purchased on the open market.
The company retired all outstanding long-term debt during the period, leaving Strive with zero margin requirements and no encumbered bitcoin. Cash and cash equivalents totalled $87.6 million as of May 12, with an additional $50.5 million in Strategy preferred stock.
Strive became the ninth-largest public corporate bitcoin holder globally in April 2026. Cole framed the balance sheet as purpose-built to sustain the daily dividend commitment through bitcoin volatility.
