Strive, a Bitcoin strategy firm trading on Nasdaq under ticker ASST, announced it will begin paying daily cash dividends on its Variable Rate Series A Perpetual Preferred Shares (SATA) starting June 16. According to the company, this marks the first listed security in U.S. capital markets history to distribute cash dividends every business day.
CEO Matthew Cole described the move as a “zero-to-one innovation,” positioning SATA as a yield instrument designed to compete with traditional money market alternatives. The stated annual dividend rate remains 13%, but the shift from monthly to daily payments lifts the effective annual percentage yield to approximately 13.88%, a 7.6 basis-point improvement due to more frequent compounding across about 250 business days per year.
In a parallel announcement, Strive confirmed it has fully repaid all outstanding debt, including repurchasing remaining long-term notes payable. The company now carries zero short- or long-term debt obligations, with no margin requirements and no encumbered bitcoin. Strive currently holds 15,009 bitcoin, making it the ninth-largest publicly traded company globally by bitcoin treasury holdings.
The SATA preferred shares are structured similarly to Strategy’s (MSTR) Stretch (STRC) preferred, and trading above par allows Strive to raise additional cash through an at-the-market (ATM) sales channel to bolster its bitcoin treasury. Notably, Strategy’s STRC recently received a $50 million investment from Strive, highlighting the synergy between the two bitcoin-focused firms.
While Strive’s common shares have risen about 10% this year, outperforming bitcoin’s roughly 9% decline, the daily dividend innovation could attract income-focused investors seeking predictable cash flow. However, the logistical demands of daily distributions may present operational challenges the company has yet to detail.
The move underscores Strive’s ambition to blend traditional finance mechanisms with a bitcoin-centric treasury strategy, potentially setting a precedent for dividend policies in the crypto-adjacent corporate sector.
