Strive’s SATA to become first U.S. listed security to pay daily cash dividends
Key takeaways
- The daily payout structure lifts the effective yield to 13.88% as the company eliminates all debt and expands its bitcoin treasury strategy.By James Van Straten|Edited by Aoyon Ashraf May 14, 2026, 12:00 p.m.
- CEO Matthew Cole called the daily dividend structure a "zero-to-one innovation," positioning SATA as a cash yield instrument designed to compete with and improve upon traditional money market alternatives.
- "SATA will be the first listed security in the history of U.S. capital markets to pay cash dividends every single Business Day," Cole said in a statement on Thursday.
The daily payout structure lifts the effective yield to 13.88% as the company eliminates all debt and expands its bitcoin treasury strategy.By James Van Straten|Edited by Aoyon Ashraf May 14, 2026, 12:00 p.m. 2 min read Make preferred on What to know: SATA will become the first U.S. listed security to pay cash dividends every business day starting June 16.While the stated annual dividend rate remains 13%, the daily payout structure increases the effective yield to roughly 13.88% through more frequent compounding.The company has also eliminated all outstanding debt and now holds 15,009 bitcoin, making it the ninth largest publicly traded corporate bitcoin holder globally.Strive (ASST) said that its preferred stock will begin paying cash dividends every single business day from June 16, a first in U.S.-listed securities history.
CEO Matthew Cole called the daily dividend structure a "zero-to-one innovation," positioning SATA as a cash yield instrument designed to compete with and improve upon traditional money market alternatives.
"SATA will be the first listed security in the history of U.S. capital markets to pay cash dividends every single Business Day," Cole said in a statement on Thursday.