Strive's SATA to Pay Daily Dividends, Boosts Bitcoin Holdings

Strive's Variable Rate Series A Perpetual Preferred Shares (SATA) will become the first U.S.-listed security to pay cash dividends every business day starting June 16, according to CoinDesk. This daily payout structure increases the effective annual yield to approximately 13.88%, up from the stated 13% due to more frequent compounding. Strive has also eliminated all outstanding debt and now holds 15,009 bitcoin, ranking it as the ninth-largest publicly traded corporate bitcoin holder globally. CEO Matthew Cole described the daily dividend as a 'zero-to-one innovation,' positioning SATA as a competitive cash yield instrument.