Strive launches daily dividends and boosts bitcoin holdings

Strive's SATA will pay daily cash dividends, raising its yield to 13.88%. The company is debt-free and now holds 15,009 bitcoin, ranking ninth among public firms globally.

Strive has announced that its Variable Rate Series A Perpetual Preferred Shares (SATA) will become the first U.S.-listed security to pay cash dividends every business day, starting June 16. This innovative daily payout structure boosts the effective annual yield to approximately 13.88%, up from the stated 13% due to more frequent compounding. The company has eliminated all outstanding debt and now holds 15,009 bitcoin, making it the ninth-largest publicly traded corporate bitcoin holder worldwide. Strive's recent acquisition of Semler Scientific contributed to this significant bitcoin reserve. The daily dividend model positions SATA as a competitive alternative to traditional money market instruments, aiming to provide investors with improved reinvestment efficiency and enhanced portfolio liquidity through frequent, consistent cash flows.