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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 pay cash dividends on every business day, making it the first listed security in the U.S. capital market to do so, with an annual dividend rate set at 13%.
CoinGeape reported on May 14 (local time) that Strive released its Q1 2026 fiscal year earnings before the market opened. Strive plans to pay cash dividends to holders of SATA, its variable-rate Series A perpetual preferred shares, on every business day, with the dividend record date set as the shareholder holdings of the previous business day.
Matthew Cole, CEO of Strive, stated that SATA will be the first listed security in the history of the U.S. capital market to pay cash dividends on every business day at the current annualized rate of 13% starting June 16. He described this 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, 9 more BTC were bought, 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 performance itself was significantly impacted by the decline in Bitcoin prices. Strive stated that as of May 12, it held $87.6 million in cash and cash equivalents, and $50.5 million worth of Strategy's STRC preferred shares as investment assets. However, the net loss for Q1 was reported as $265.9 million, with $295.8 million of this attributed to the decrease 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 the previous year's $316.1 million, or $4.56 per diluted share. Despite the aggressive strategy of expanding Bitcoin holdings and implementing a daily dividend structure, the accounting burden of losses remains significant.
CEO Cole emphasized that the company currently has no debt, no margin requirements, and no Bitcoin pledged as collateral. He explained that Strive's financial structure is designed to withstand Bitcoin volatility. Strive is attempting to differentiate itself as a Bitcoin financial company by leveraging its large Bitcoin holding strategy and its 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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