Strive Goes Debt-Free, Sets 13% Annual Daily Dividend

Strive said it eliminated all outstanding debt in the first quarter of 2026 and will begin paying daily dividends on its Variable Rate Series A Perpetual Preferred Stock (ticker SATA) at a current annual rate of 13% starting June 16. The company expects the payouts to be funded by income from its Bitcoin treasury strategy.

The dividends will be paid every business day and reflect a 13% annualized rate on SATA. Strive described the program as an expansion of a financing approach that issues perpetual preferred shares to acquire Bitcoin while providing regular payouts to investors.

Strive reported an unrealized net loss of $265.9 million for Q1, attributing the decline to a 23% drop in Bitcoin’s fair market value during the quarter. The company repurchased the remainder of its long-term notes and finished the quarter with no outstanding debt.

Chief Executive Matt Cole wrote in the quarterly update that the company now has “zero margin requirements, and zero encumbered Bitcoin; a balance sheet purpose-built to thrive through Bitcoin volatility.”

At the end of Q1, Strive held 13,628 Bitcoin, including 5,048 coins acquired through its purchase of Semler Scientific during the quarter. The company has since added 1,381 Bitcoin, bringing its total to 15,009 coins, valued at about $1.22 billion at current market prices.

Strive shares closed up 5.8% at $17.70 on Thursday and gained about 0.73% in after-hours trading. The stock is up roughly 2.4% year to date and down more than 81% over the past 12 months.

Industry observers noted ongoing experimentation with financing and yield structures among companies holding Bitcoin treasuries. Adam Livingston, a contributor focused on corporate Bitcoin strategies, called the pace of innovation in digital credit “fascinating to behold.” Strategy executive chairman Michael Saylor described the daily dividend concept as “impressive.”

Other public, crypto-linked companies reported mixed first-quarter results. Nakamoto reported revenue of $2.7 million, a 500% increase quarter over quarter, with part of the gain coming from using Bitcoin holdings as collateral to earn yield. Stablecoin issuer Circle reported revenue of $694 million, up 20% quarter over quarter. Coinbase posted a first-quarter loss with revenue of $1.4 billion, down 21% year over year. Robinhood reported Q1 revenue below analyst estimates and its shares fell after the report.

Strive said the daily dividend schedule will apply to dividends declared for business days beginning June 16 and that payments will be variable based on returns generated by its Bitcoin holdings.