Bitcoin · Strategy · Bitcoin Magazine
Strive’s SATA Sets U.S. First With Daily 13% Bitcoin-Backed Dividend Preferred
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Strive Asset Management is preparing to launch SATA preferred stock as the first U.S.-listed security to pay cash dividends every business day.
Key facts
- The company will maintain its stated annual dividend rate of 13%, yet the move to daily distributions raises the effective annual yield to about 13.88% through compounding across roughly 250 trading
- Strive reported a net loss of $265.9 million for the first quarter, with the vast majority linked to mark-to-market declines in its bitcoin holdings
- At the same time, the company has expanded its bitcoin treasury to 15,009 BTC, placing it among the largest public holders of the asset
- Strive Asset Management is preparing to launch SATA preferred stock as the first U.S.-listed security to pay cash dividends every business day
Summary
Strive Asset Management is preparing to launch a new structure for income-focused investors, with its SATA preferred stock set to become the first U.S.-listed security to distribute cash dividends on every business day. The company will maintain its stated annual dividend rate of 13%, yet the move to daily distributions raises the effective annual yield to about 13.88% through compounding across roughly 250 trading days. Chief executive officer Matthew Cole described the design as a structural innovation aimed at positioning SATA as an alternative to money market funds and other short-duration income vehicles. The appeal rests on frequency.