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 has eliminated all debt in the first quarter of 2026.
A company founded by Vivek Ramaswamy he said Series A Perpetual Variable Rate Preferred Stock, symbol SATA, will begin paying dividends every business day beginning June 16 at the current annual dividend rate of 13%. Payouts are funded by revenue generated by the company’s Bitcoin Treasury strategy.
Strive CEO Matt Cole said the move would make it the first public company to offer daily dividends, expanding on a similar playbook adopted by Michael Saylor’s Strategy, which relied on ongoing stock offerings like Stretch ( STRC ) to fund its Bitcoin purchases while paying investors every two weeks.
“It’s fascinating to see the speed at which innovation is happening in the digital credit space,” he said Bitcoin For Corporations Contributor Adam Livingston. Strategy CEO Michael Saylor called the daily dividends “impressive.”
Strive’s daily dividends mark another example of a Bitcoin treasury company that has gone beyond a simple buy-and-hold strategy to stay competitive in a bear market.
This comes after Strive reported an unrealized net loss of $265.9 million for Q1. The company attributed the loss to a decline in the fair market value of its Bitcoin holdings as Bitcoin fell 23% during the quarter.
Source: Matt Cole
Strive is now operating debt-free
Strive said the quarter ended with no outstanding debt after redeeming the rest of its long-term bonds.
“Today, Strive is debt-free, with zero margin requirements and zero encumbered Bitcoins; the balance sheet is purpose-built to thrive through Bitcoin volatility.”
Strive shares have been positive since the beginning of the year
Strive (ASST) shares rose 5.8% to $17.70 on Thursday after the company’s earnings statement and gained another 0.73% in after-hours trading.
The company is now up 2.43% year to date, but still down more than 81% over the past year.
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Strive ended the first quarter with 13,628 Bitcoins, including 5,048 Bitcoins acquired through the acquisition of Semler Scientific during the quarter. He has since added another 1,381 Bitcoins, bringing the total to 15,009 Bitcoins worth $1.22 billion at current prices.
On Wednesday, another Bitcoin company, Nakamoto, rose 2.7% after announcing that its revenue rose 500% quarter-on-quarter to $2.7 million, $1.1 million of which came from a new strategy of using its Bitcoin holdings as collateral to generate returns.
Meanwhile, results from some of the bigger players in the crypto industry were mixed in the first quarter.
Stablecoin issuer Circle rallied 15% after reporting revenue rose 20% in the quarter to $694 million, beating estimates, while shares of crypto exchange Coinbase fell after it reported a big first-quarter loss with revenue down 21% to $1.4 billion. Robinhood also fell 9.4% after its first-quarter revenue also fell short of analysts’ expectations.
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