Shares of Strive, a company involved in Bitcoin-related activities, rose 5.8% on Thursday. This was driven by the company's announcement that it had fully settled all debt obligations in the first quarter of 2026 and would transition to a "daily dividend" payment system. This is reported by Cointelegraph.com .
The company, founded by Vivek Ramaswamy, announced that starting June 16, it will pay dividends on preferred shares under the ticker SATA at an annual rate of 13% every business day. These payments will be funded by income generated from the company's Bitcoin treasury.
Strive CEO Matt Cole emphasized that this news makes the company the first publicly traded firm to offer daily dividends. This strategy is similar to the approach used by Michael Saylor's MicroStrategy and is crucial for attracting investors.
The company reported an unrealized net loss of $265.9 million in the first quarter due to a 23% decline in Bitcoin value. Nevertheless, through the repurchase of long-term debt securities, Strive achieved a zero-debt status by the end of the quarter.
Currently, Strive holds 15,009 Bitcoins with a total value of $1.22 billion. Additionally, the company Nakamoto announced that it has increased its quarterly revenue by 500% by implementing a strategy of staking its Bitcoin assets.
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