Strive Sets First U.S. Daily-Dividend Payout for SATA

Overview

• Strive said its SATA preferred stock will start paying cash dividends every business day on June 16, which the company calls the first such payout schedule for a U.S.-listed security.
• Daily payments raise the effective annual yield to roughly 13.88% because each day’s cash can compound, giving income investors steady funds to reinvest or use.
• The company said it has repurchased its remaining notes and now has no debt, with no margin requirements and no bitcoin pledged as collateral.
• Strive reports a bitcoin treasury of 15,009 BTC and can sell more SATA through an at-the-market program when the shares trade above par to fund additional purchases.
• First-quarter results showed a $265.9 million net loss driven by bitcoin mark-to-market moves, highlighting that reported earnings can swing with crypto prices even as the payout aims to deliver steady cash flow.