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ANALYSIS

Strive SATA and the Daily Dividend Preferred

By HodlingBTC Editorial · · 1 min read

Strive has turned SATA into something unusual in public markets: a preferred stock from a bitcoin treasury company that pays cash dividends every business day.

On May 14, 2026, Strive announced that its Variable Rate Series A Perpetual Preferred Stock, listed under SATA, would move from monthly dividend payments to daily payments. The change took effect on June 16, 2026. Dividends are paid each business day to holders of record on the immediately preceding business day, if and when declared by the board.

The stated annual dividend rate remained 13.00 percent. For June 2026, Strive declared a monthly cash dividend of $1.0833 per SATA share payable on June 15, followed by daily cash dividends of $0.0542 per SATA share for each business day from June 16 through June 30. That second period included 10 business days and represented the same 13.00 percent annual dividend rate.

The point is not simply the dividend amount. It is the capital structure. Strive is using preferred equity as part of a bitcoin treasury model, and SATA now has a payment rhythm closer to a daily income product than a conventional preferred stock.

“Strive described SATA as the first listed security in the history of U.S. capital markets to pay cash dividends every single Business Day.” That is the company’s own statement, made by CEO Matthew Cole, and should be attributed as such.

The balance sheet context matters. As of May 12, 2026, Strive reported 15,009 bitcoin, $87.6 million in cash and cash equivalents, STRC Stock with a fair value of $50.5 million, and no short or long term debt outstanding.

For bitcoin treasury investors, SATA matters because it shows that the sector is moving beyond simple spot bitcoin accumulation. The experiment is whether a bitcoin balance sheet can support a public preferred equity instrument with daily cash distributions.