Strive’s SATA Sets U.S. First With Daily 13% Bitcoin-Backed Dividend Preferred
Bitcoin Magazine
Strive Asset Management is launching the first U.S.-listed security to provide daily cash dividends, offering an effective 13.88% annual yield backed by Bitcoin.Summary
Strive Asset Management is set to revolutionize income investing with its SATA preferred stock, which will distribute dividends every business day starting June 16. By transitioning to a daily payout model, the security offers an effective annual yield of 13.88% due to compounding, positioning it as a liquid alternative to traditional money market funds. The company has also strengthened its financial position by eliminating debt and increasing its Bitcoin treasury to 15,009 BTC. While the product aims to provide predictable cash flow, its value remains closely tied to Bitcoin’s price volatility, as evidenced by recent financial reporting reflecting mark-to-market accounting impacts.
(Source：Bitcoin Magazine)