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Strive's SATA Security to Pay Daily Dividends
CoinDesk·
Strive's preferred stock, SATA, is set to make history by becoming the first U.S.-listed security to offer daily cash dividend payments, starting June 16. While the annual dividend rate remains 13%, the shift to daily payouts will increase the effective annual yield to approximately 13.88% due to more frequent compounding. The company has also eliminated all outstanding debt and significantly expanded its bitcoin holdings, now owning 15,009 BTC, making it the ninth-largest corporate bitcoin holder globally. This innovative dividend structure aims to position SATA as a competitive cash yield instrument against traditional money market alternatives.
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CoinDesk — coindesk.com