Bitcoin Firm Strive Unveils Daily Dividend Payments for SATA Preferred Shares

In brief

• SATA is set to become the first U.S. security to pay cash dividends every business day starting June 16.
• Strive reported a first-quarter loss of $265.9 million, driven by a decline in the value of its Bitcoin holdings.
• The firm said that it had eliminated outstanding debt by repurchasing long-term notes.

Strive’s preferred stock will soon become the first U.S.-listed security to provide investors with daily cash dividends, the Bitcoin-buying firm declared on Thursday.

In a statement, CEO Matt Cole described the shift as a “zero-to-one innovation,” affecting the company’s Variable Rate Series A Perpetual Preferred Stock (SATA) starting June 16.

SATA, which debuted on the Nasdaq in November, currently carries a stated annual dividend rate of 13%. While that rate is expected to remain unchanged as Strive transitions from a monthly to a daily payout format, the more frequent compounding is projected to boost SATA’s effective annual yield to 13.88%, according to an investor presentation.

The transition underscores continued experimentation among Bitcoin-buying firms that have embraced dividend-paying products as a way to grow their stockpiles. Strive modeled SATA on Strategy’s STRC, which debuted in July and currently pays out 11.5% monthly.

Strive: The Daily Dividend Company

Investor Update - May 2026$ASST $SATA pic.twitter.com/A1BXxw05kK

— Strive (@Strive) May 14, 2026

Strive telegraphed SATA’s shift alongside first-quarter earnings. The company reported a net loss of $265.9 million in the three-month period ended March 31, attributing the performance to a $295.8 million decline in the value of its Bitcoin holdings.

Holding 15,009 Bitcoin on its balance sheet, Strive is the ninth-largest corporate holder of Bitcoin, according to . With Bitcoin changing hands around $81,500 as of this writing, the sum was valued around $1.2 billion. Strive unveiled its first acquisition in September.