TLDR
- Strive (ASST) stock closed 5.8% higher Thursday after announcing a daily dividend strategy for its SATA preferred stock
- SATA will pay dividends every business day from June 16, at a 13% annual rate — a first for U.S. capital markets
- The company cleared all debt in Q1, ending the quarter with zero outstanding notes and no encumbered Bitcoin
- Strive reported a $265.9 million unrealized net loss in Q1, driven by a 23% drop in Bitcoin’s price during the quarter
- Total Bitcoin holdings now stand at 15,009 BTC, worth approximately $1.22 billion as of May 12
Strive (ASST) stock closed at $17.70 on Thursday, up 5.8%, after the company announced it had become a daily dividend-paying firm and wiped out all its debt in Q1 2026. The stock added another 0.73% in after-hours trading.
The company said its Variable Rate Series A Perpetual Preferred Stock, ticker SATA, will start paying dividends every business day beginning June 16. The current annual dividend rate is 13%, funded by income from Strive’s Bitcoin treasury strategy.
CEO Matt Cole said SATA will be “the first listed security in the history of U.S. capital markets to pay cash dividends every single business day.” That’s a notable step beyond Strategy’s preferred offerings, which pay every two weeks.
The move draws a clear line from the Michael Saylor playbook — perpetual preferred stock to fund Bitcoin buys — but pushes the concept further. Strategy executive chairman Saylor called the daily dividends “impressive.”
The announcement came alongside Q1 earnings, which showed an unrealized net loss of $265.9 million. Strive said the loss came almost entirely from the drop in fair market value of its Bitcoin holdings, as Bitcoin fell 23% during the quarter.
Despite the paper loss, the company made a point of its balance sheet cleanup. Strive repurchased the remaining balance on its long-term notes during Q1 and now carries no short- or long-term debt.
“Today, Strive stands debt-free, with zero margin requirements, and zero encumbered Bitcoin,” the company said.
Bitcoin Holdings Keep Growing
Strive ended Q1 with 13,628 BTC. That figure includes 5,048 BTC picked up through its acquisition of Semler Scientific, which completed during the quarter.
Since then, Strive has added another 1,381 BTC in Q2, bringing the total to 15,009 Bitcoin, valued at approximately $1.22 billion as of May 12.
That puts Strive at ninth among public Bitcoin treasury companies, just behind Riot Platforms.
The company also disclosed a $50.5 million position in Strategy’s STRC preferred shares — a bitcoin-linked instrument similar to SATA that Strategy uses to finance its own Bitcoin purchases.
Broader Bitcoin Firm Results
The Q1 earnings season has been uneven for Bitcoin-related companies.
Nakamoto rose 2.7% Wednesday after reporting Q1 revenue up 500% quarter-on-quarter to $2.7 million, with $1.1 million generated through using Bitcoin holdings as collateral to earn yield.
Stablecoin issuer Circle rallied 15% after Q1 revenue came in at $694 million, up 20% quarter-on-quarter and above estimates. Coinbase slid after reporting a 21% revenue drop to $1.4 billion and a steep net loss. Robinhood fell 9.4% after missing analyst expectations.
Strive is now up 2.43% year-to-date, though still down more than 81% over the past year.
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