Bitcoin Firm Strive Unveils Daily Dividend Payments for SATA Preferred Shares
Strive will make its preferred stock, SATA, the first U.S.-listed security to offer daily cash dividends starting June 16, while maintaining its 13% stated annual dividend rate. With daily payouts, the effective annual yield is expected to rise to 13.88% due to compounding. This move reflects broader experimentation by Bitcoin-buying firms using dividend-focused products to expand crypto holdings. SATA’s design is based on Strategy’s STRC, which pays an 11.5% monthly dividend and may soon double its payout frequency. In its Q1 report, Strive posted a $265.9 million net loss, primarily from a $295.8 million decline in Bitcoin holdings. Strive currently holds 15,009 Bitcoin (about $1.2 billion), making it the ninth-largest corporate holder. Strive shares rose 5% after the announcement but remain 86% below their all-time high. The company has eliminated its long-term debt and now relies solely on SATA for Bitcoin-backed financial amplification. Strive also holds $50.5 million in STRC and $87.6 million in cash.
