Strive Shares Increase as Company Announces Daily Dividends

Strive shares experienced a 5.8% increase following the company's announcement of clearing all debt in the first quarter. According to NS3.AI, Strive plans to initiate daily dividends on its SATA preferred stock at an annual rate of 13%, starting June 16. The company stated that these payouts will be supported by income generated from its Bitcoin treasury strategy. Despite this positive development, Strive reported an unrealized net loss of $265.9 million for the first quarter, attributed to a 23% decline in Bitcoin during the same period.