Strive Announces SATA as First US Security Paying Daily Cash Dividends
Bitcoin treasury firm Strive Inc. will make its SATA preferred stock the first U.S.-listed security paying cash dividends every business day, starting June 16. The daily compounding increases the effective annual yield to 13.88% from a stated rate of 13%. Despite this innovation, the company reported a $265.9 million GAAP net loss in Q1 due largely to Bitcoin's fair value decline.
Topics: Bitcoin treasury dividends preferred stock