Strive pays 37th consecutive daily dividend on its Bitcoin-backed preferred stock

Strive, Inc. has now paid 37 consecutive daily dividends on its Variable Rate Series A Perpetual Preferred Stock, known by its ticker SATA. That’s every single trading day since mid-June, without a miss.

The Nasdaq-listed firm, which trades under the ticker ASST, launched SATA back in November 2025 with a 12% annualized dividend rate and a monthly payment schedule. In May 2026, management bumped the rate to 13%. Then, on June 16, they switched to daily payments, making SATA the first US-listed security to offer dividends on a daily basis.

How daily dividends actually work

Instead of 12 dividend payments per year, SATA holders now receive approximately 250. Daily payments improve liquidity, reduce the duration risk between payouts, and allow for more frequent compounding if reinvested.

SATA trades near par value, targeted within a $99 to $101 range. The security also includes cumulative dividend features, meaning if Strive ever misses a payment, those unpaid dividends accrue rather than vanish. There are also penalty-compounding protections baked in, giving holders an extra cushion against non-payment scenarios.

Strive reports operating with zero debt and has set aside 18 months’ worth of cash and marketable securities specifically earmarked for dividend obligations.

The Bitcoin treasury backing it all

Strive holds approximately 20,000 BTC as of late July 2026. The company positions itself as a “focused Bitcoin treasury asset manager,” accumulating Bitcoin, holding it on its balance sheet, and using the resulting financial position to support income-producing securities like SATA.

The company has continued adding to its position even recently, purchasing 73 BTC in mid-June around the time it switched to daily dividend payments. Strive also holds positions in other Bitcoin-focused preferred securities, including STRC from Strategy, Inc., creating a dynamic where Strive is both a direct Bitcoin holder and an investor in other companies pursuing similar treasury strategies.

What this means for investors

The 18-month cash reserve means that even if Bitcoin experienced a prolonged drawdown, Strive has enough liquid assets set aside to keep paying dividends for a year and a half without selling a single satoshi.

The risk is that 37 days is not 37 months. A streak that began on June 16, 2026 has yet to weather a significant Bitcoin correction or a broader market dislocation. The cumulative dividend protections and cash reserves provide structural resilience, but Bitcoin has historically experienced 50%+ drawdowns, and investors evaluating SATA should weigh the 13% yield against the possibility that Bitcoin’s price trajectory could eventually pressure Strive’s ability to maintain both its treasury position and its dividend obligations simultaneously.