Strive Inc. (NASDAQ: $ASST) is adding a new daily dividend structure to its SATA preferred stock as the company continues reshaping itself around bitcoin accumulation and capital-market products built for that strategy.
The company said its Variable Rate Series A Perpetual Preferred Stock, known as SATA, will begin paying dividends on a daily basis starting June 16, 2026
Strive said SATA will be the first listed security in U.S. capital markets history to pay cash dividends every business day, with stockholders of record on the immediately preceding business day eligible for each payment. The board maintained the annual dividend rate on SATA at 13.00% for monthly periods beginning on or after May 16. Dividends will still be declared on a monthly basis for the following monthly dividend period, but the payment cadence shifts the product closer to a daily income instrument than a traditional preferred security.
More From Cryptoprowl: Chairman and CEO Matthew Cole called the structure a “zero-to-one innovation,” adding that Strive is now positioning itself as “The Daily Dividend Company.” The framing gives Strive another way to separate its preferred-stock strategy from the growing group of public bitcoin treasury companies competing for investor attention. The announcement came alongside Strive’s first-quarter results and a larger update on its bitcoin balance sheet. The company acquired 6,001 bitcoin (CRYPTO: $BTC) during the first quarter, including 5,048 bitcoin through its acquisition of Semler Scientific and 953 bitcoin through open-market purchases.