Strive is converting its SATA preferred stock to daily cash dividends beginning June 16, 2026, at a 13.00% annualized rate spread over 250 business-day payments per year. The move pits Strive’s product head-to-head with Strategy’s STRC, which pays an 11.50% annual dividend monthly and holds $8.54 billion in notional outstanding. Strive says the daily schedule delivers a higher effective yield.
Daily vs. monthly math
Strive claims SATA provides 7.57 basis points more APY than a monthly equivalent — 13.8790% versus 13.8032% — thanks to daily compounding. That’s a small edge, but in a market where yield-hungry investors compare fractions of a percent, it’s a talking point. Strategy’s STRC reported a record $1.53 billion in trading volume and 15.3 million shares traded, so Strive is stepping into a ring with an entrenched rival.
Strive's Bitcoin-heavy balance sheet
Strive’s Bitcoin treasury holds 15,009 BTC as of May 12. That’s after acquiring 6,001 BTC in the first quarter and another 1,381 BTC between April 1 and May 12. The firm says it’s debt-free with zero margin requirements and zero encumbered Bitcoin — a contrast to some other corporate holders that have used BTC as collateral. Strive also owns $50.5 million worth of Strategy’s STRC, a position that represents more than one-third of its corporate treasury at the time of allocation.
The Q1 loss and what it means
Strive reported a GAAP net loss of $265.9 million for the first quarter of 2026. The loss was driven primarily by a $295.8 million fair-value decline on its Bitcoin holdings. That’s a paper loss, not a cash one, but it’s large enough to catch attention. The daily dividend plan doesn’t change the underlying volatility of the BTC-heavy portfolio — it just changes how SATA holders get paid.
The first daily payout is scheduled for June 16. Investors will be watching whether the higher APY and daily compounding lure volume away from STRC, or if Strive’s smaller float and niche positioning limit the impact. The firm has no debt and no margin, so it doesn’t face the forced-liquidation risk that has tripped up other Bitcoin treasuries. That could be the real selling point.
