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▲ Bitcoin (BTC)/ChatGPT Generated Image
Strive announced plans to expand its Bitcoin (BTC) holdings and pay daily dividends on SATA preferred shares in its Q1 2026 earnings release. The company stated that starting June 16, it would become the first listed security in the US capital market to pay cash dividends every business day, with an annual dividend rate set at 13%.
CoinGape reported on May 14 (local time) that Strive announced its Q1 2026 fiscal year results before the market opened. Strive plans to pay cash dividends every business day to holders of SATA, its variable-rate Series A perpetual preferred shares, with the ex-dividend date determined by shareholder holdings on the previous business day.
Matthew Cole, CEO of Strive, announced that SATA would be the first listed security in the history of the US capital market to pay cash dividends every business day, starting June 16, at a current annualized rate of 13%. He described it as “a true innovation, going from zero to one.”
Strive acquired 6,001 BTC during the first quarter ending March 31. Of these, 5,048 BTC were secured through the acquisition of Semler Scientific, and the remaining 953 BTC were purchased in the open market. From April 1 to May 12, an additional 1,381 BTC were purchased, and after May 4, another 9 BTC were acquired, increasing the total Bitcoin holdings to 15,009 BTC.
The company stated that as of May 12, the Bitcoin return for Q1 was 11.1%, and the quarter-over-quarter return for Q2 was 4.6%. Bitcoin gains amounted to 848 BTC in Q1 and 621 BTC so far in Q2. In monetary terms, this corresponds to approximately $57.8 million in Q1 and approximately $50.1 million so far in Q2.
However, the actual performance was significantly impacted by the decline in Bitcoin prices. Strive reported holding $87.6 million in cash and cash equivalents and $50.5 million worth of STRC preferred shares from Strategy as investment assets as of May 12. However, the net loss for Q1 was reported at $265.9 million, with $295.8 million of this stemming from the drop in Bitcoin prices.
The net loss attributable to common shareholders, excluding preferred dividends, was $319.7 million, or $5.19 per diluted share. This represents a larger loss compared to $316.1 million, or $4.56 per diluted share, in the same period last year. Despite aggressive strategies such as expanding Bitcoin holdings and a daily dividend structure, the accounting loss burden remains substantial.
CEO Cole emphasized that the company currently has no debt, no margin requirements, and no Bitcoin held as collateral. He explained that Strive's financial structure is designed to withstand Bitcoin volatility. Strive is attempting to differentiate itself as a Bitcoin-centric financial company by leveraging its large Bitcoin holding strategy and the SATA daily dividend structure.
*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*
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