Strive’s SATA to become first U.S. listed security to pay daily cash dividends
CoinDesk
Strive’s SATA preferred shares will begin paying daily cash dividends, increasing the effective annual yield to 13.88%.Summary
Strive has announced that its Variable Rate Series A Perpetual Preferred Shares (SATA) will become the first U.S.-listed security to pay cash dividends every business day, starting June 16. By transitioning from monthly to daily payouts, the effective annual percentage yield increases to 13.88% due to more frequent compounding. Additionally, Strive has eliminated all outstanding debt and remains committed to its bitcoin treasury strategy, currently holding 15,009 BTC.
(Source：CoinDesk)