Strive, a Bitcoin-focused company, reported a net loss of $265.9 million in Q1, attributed to the fall in market value of its Bitcoin holdings. However, it also announced its intention to become a 'Daily Dividend Company' and eliminate all debt in Q1 2026. The Variable Rate Series A Perpetual Preferred Stock, ticker SATA, will start paying dividends every business day beginning June 16 at a current annual dividend rate of 13%. This move makes Strive the first public company to offer daily dividends and a testament to its Bitcoin treasury strategy.
Strive reported a net loss of $265.9 million for Q1, which it attributed to the fall in market value of its Bitcoin holdings, but saw its shares on its move to pay SATA holders dividends every business day starting in June.
Shares in Bitcoin-focused Strive closed 5.8% higher on Thursday after the company said it will become a “Daily Dividend Company” and revealed it eliminated all debt in the first quarter of 2026.the Variable Rate Series A Perpetual Preferred Stock, ticker SATA, will start paying dividends every business day beginning June 16 at a current annual dividend rate of 13%. The payouts are funded by income generated from the company’s Bitcoin treasury strategy.
Strive CEO Matt Cole said the move will make it the first public company to offer daily dividends, expanding on a similar playbook adopted by Michael Saylor’s Strategy, which has relied onStrive’s daily dividends mark another example of a Bitcoin treasury firm moving beyond a simple buy-and-hold strategy to remain competitive in the bear market. This comes as Strive reported an unrealized net loss of $265.9 million for Q1.
The company attributed the loss to a decrease in the fair"Today, Strive stands debt-free, with zero margin requirements, and zero encumbered Bitcoin; a balance sheet purpose-built to thrive through Bitcoin volatility. ”Strive ended Q1 with 13,628 Bitcoin, including 5,048 Bitcoin acquired through its purchase of Semler Scientific during the quarter.
It has since added another 1,381 Bitcoin, bringing its total to 15,009 Bitcoinquarter-on-quarter in Q1 to $2.7 million, with $1.1 million of that coming from a new strategy of using its Bitcoin holdings as collateral to earn yield.revenue rose 20% quarter-on-quarter to $694 million, beating estimates, while crypto exchange Coinbase's shares slid after it reported a steep first-quarter loss with a 21% fall in revenue to $1.4 billion. Robinhood also dipped 9.4% after its Q1Marcel Pechman
Strive Bitcoin Daily Dividend Company SATA Variable Rate Series A Perpetual Preferred Sto Debt-Free Zero Margin Requirements Zero Encumbered Bitcoin Balance Sheet Bitcoin Volatility Revenue Estimates Crypto Exchange Coinbase Robinhood Q1 Marcel Pechman
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