Strive (NASDAQ ticker: ASST), a Bitcoin strategy accumulation company and asset management firm, announced its plan to pay cash dividends for its preferred stock SATA every business day. According to CoinDesk, this will be the first time in U.S. securities history, effective June 16 (local time). Although SATA's annual dividend rate is stated as 13%, the effective yield will increase to approximately 13.88% as payments switch from monthly to daily. Strive CEO Matt Cole announced the news, adding that "all outstanding debts have been repaid." Strive currently holds 15,009 BTC, ranking it 9th among publicly listed companies worldwide by Bitcoin holdings.
