Strive Makes SATA First US Security to Pay Cash Dividends Every Business Day
BeInCrypto
Strive Inc. will pay daily cash dividends on its SATA preferred stock starting June 16, 2026, marking a first for US-listed securities.Summary
Strive Inc., a Bitcoin treasury firm, has announced that its Variable Rate Series A Perpetual Preferred Stock (SATA) will become the first US-listed security to pay cash dividends every business day, beginning June 16, 2026. While the annualized rate remains 13%, the daily compounding structure effectively increases the annual yield to 13.88%. CEO Matthew Cole described the shift as a significant innovation for the firm, which also reported holding over 15,000 BTC and maintaining a debt-free balance sheet despite a GAAP net loss in the first quarter primarily driven by Bitcoin fair value fluctuations.
(Source：BeInCrypto)