Strive Asset Management has announced that its Variable Rate Series A Perpetual Preferred Shares (SATA) will begin paying cash dividends every single business day starting June 16, making it the first U.S.-listed security in history to do so.
CEO Matthew Cole called the structure a “zero-to-one innovation,” positioning SATA as a cash yield instrument designed to compete with traditional money market alternatives.
Cole stated:
“SATA will be the first listed security in the history of U.S. capital markets to pay cash dividends every single Business Day.”
How the daily structure works
The stated annual dividend rate remains 13%, but switching from monthly to daily payments lifts the effective annual percentage yield to approximately 13.81%—a 7.6 basis-point improvement.
The gain comes from more frequent compounding across roughly 250 business days per year.
SATA is structured similarly to Strategy’s STRC preferred shares, and trading above par allows Strive to issue more through an at-the-market sales channel, raising cash to grow its bitcoin holdings.
Debt eliminated, bitcoin treasury grows
Alongside the dividend announcement, Strive confirmed it has retired all outstanding debt following the repurchase of its 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, ranking it as the ninth-largest publicly traded corporate bitcoin holder globally.
Performance context
Strive’s shares have risen about 10% this year, while Strategy has climbed 15%.
Bitcoin fell roughly 9% over the same period, though the company’s treasury strategy remains central to its long-term positioning.
