The company said its Variable Rate Series A Perpetual Preferred Stock, known as SATA, will begin paying dividends on a daily basis starting June 16, 2026. Strive said SATA will be the first listed security in U.S. capital markets history to pay cash dividends every business day, with stockholders of record on the immediately preceding business day eligible for each payment.

The board maintained the annual dividend rate on SATA at 13.00% for monthly periods beginning on or after May 16. Dividends will still be declared on a monthly basis for the following monthly dividend period, but the payment cadence shifts the product closer to a daily income instrument than a traditional preferred security.

Chairman and CEO Matthew Cole called the structure a “zero-to-one innovation,” adding that Strive is now positioning itself as “The Daily Dividend Company.” The framing gives Strive another way to separate its preferred-stock strategy from the growing group of public bitcoin treasury companies competing for investor attention.

The announcement came alongside Strive’s first-quarter results and a larger update on its bitcoin balance sheet. The company acquired 6,001 bitcoin during the first quarter, including 5,048 bitcoin through its acquisition of Semler Scientific and 953 bitcoin through open-market purchases. From April 1 through May 12, Strive added another 1,381 bitcoin, bringing its total bitcoin treasury to 15,009 bitcoin.

The quarter also showed the volatility tied to that strategy. Strive reported a GAAP net loss of $265.9 million for the three months ended March 31, with most of that loss tied to the fair-market value decline in its bitcoin holdings.

Strive said it had $87.6 million in cash and cash equivalents as of May 12 and no short or long-term debt outstanding.

Strive Inc.
ASST
stock is currently trading at $16.61 U.S. per share.
source: https://www.tradingview.com/news/cryptoprowl:c5369fc9a094b:0-strive-says-sata-will-be-first-u-s-listed-security-to-pay-daily-dividends/