Strive Launches Daily 13% Preferred Dividends, Adds 6,001 Bitcoin
SATA•Strive will pay 13.00% annual dividends on its Variable Rate Series A Perpetual Preferred Stock daily beginning June 16, 2026, with monthly declarations. In Q1 acquired 6,001 bitcoin (5,048 from Semler acquisition), bringing treasury to 15,009 BTC; as of May 12 held $87.6M cash and zero debt.
1. Daily Dividend Innovation
Strive will begin daily dividend distributions on its Variable Rate Series A Perpetual Preferred Stock at a 13.00% annual rate, with payments each business day starting June 16, 2026, and monthly declarations for subsequent periods.
2. Bitcoin Accumulation and Treasury Growth
In Q1 2026 the company acquired 6,001 bitcoin, including 5,048 BTC from the Semler Scientific acquisition and 953 via open market, plus an additional 1,381 BTC through May 12, lifting total holdings to 15,009 BTC.
3. Debt-Free Balance Sheet and Cash Position
As of May 12 the business held $87.6 million in cash and cash equivalents, repurchased the remaining long-term notes and retired a $20 million loan, resulting in zero short- or long-term debt on the balance sheet.
4. Q1 Financial Results and Net Loss Drivers
Strive reported a GAAP net loss of $265.9 million for Q1, with $295.8 million of the loss due to fair value declines in bitcoin; non-GAAP adjusted net loss was $319.7 million, or $5.19 per share.
