Strive shares rise 5.8%, begin distributing dividends daily starting June 16

Strive Asset Management (NASDAQ: ASST) shares rose 5.8% to $17.70 on Thursday, and increased another 0.73% in after-hours trading. Earlier, the company announced that its Series A perpetual preferred stock (ticker: SATA) will pay a dividend every business day starting June 16, with an annual dividend yield of 13%. The dividend funds come from returns generated by its Bitcoin treasury strategy.

SATA Daily Dividend Plan: Confirmed Terms and Timing

Dividend Subject: Series A perpetual preferred stock (ticker: SATA)

Start Date: June 16, 2026

Dividend Frequency: Once per business day

Annual Dividend Yield: 13%

Source of Funds: Returns generated by the Bitcoin treasury strategy

Matt Cole confirmed that this makes Strive the first publicly listed company to offer daily dividends. Strategy Executive Chairman Michael Saylor publicly commented that the move is “impressive.” Previously, Strive supported holders of its STRC perpetual preferred stock by paying dividends once every two weeks.

Q1 Financial Data: No Debt and Bitcoin Holdings Overview

Net Loss: $265.9 million (main driver: a decline in the fair market value of Bitcoin; BTC fell 23% in the quarter, resulting in unrealized book losses)

Debt Status: Cleared to zero at quarter-end, repurchased all remaining long-term bonds; no outstanding debt currently

Bitcoin Holdings (Q1 End): 13,628 BTC (including 5,048 BTC acquired via the purchase of Semler Scientific)

Total Current Bitcoin Holdings: 15,009 BTC (worth approximately $1.22 billion at current market prices)

Collateral Status: No Bitcoin pledged, no margin requirements

Company statement: “Strive has no debt, no margin requirements, and has not pledged any Bitcoin; the balance sheet is designed to thrive in the face of Bitcoin’s volatility.”

Crypto Performance Snapshot on the Same Day

On Thursday, multiple Bitcoin and crypto companies released quarterly results at the same time, with mixed performance: Nakamoto’s Q1 revenue rose 500% quarter over quarter to $2.70 million, and the stock rose 2.7%; Circle’s Q1 revenue increased 20% quarter over quarter to $694 million (above expectations), and the stock rose 15%; Coinbase posted a Q1 loss, revenue fell 21% year over year to $1.4 billion, and the stock dropped; Robinhood shares fell 9.4% because Q1 revenue missed analysts’ expectations.

Frequently Asked Questions

How is the funding for SATA’s daily dividends sourced, and does it involve selling Bitcoin?

Based on Strive’s disclosures, the dividend funding for SATA’s 13% annual yield comes from returns generated by the Bitcoin treasury strategy, rather than directly selling Bitcoin. The company confirmed there is currently no debt, no margin requirements, and no Bitcoin pledged.

Does Strive’s $265.9 million net loss in Q1 represent a real cash loss?

Based on the company’s disclosure, the Q1 net loss primarily came from a decline in the fair market value of its Bitcoin holdings (BTC fell 23% in the quarter). It is an unrealized book loss rather than a cash loss. In the same period, the company completed a full repurchase of its long-term debt, reaching a zero outstanding debt status.

What are the main differences between Strive’s daily dividends and Strategy’s STRC two-week dividends?

Strive’s SATA will pay dividends every business day starting June 16, while Strategy’s STRC currently operates on a once-every-two-weeks dividend schedule. Matt Cole confirmed that Strive has become the industry’s first publicly listed company to pay daily dividends; Strategy Executive Chairman Michael Saylor publicly commented that it is impressive, but Strategy itself has not yet announced any adjustment to its dividend frequency.