Overview
- Strive, which announced the shift Thursday, said daily payments start June 16 with a 13.00% stated rate and about 13.88% effective yield from business-day compounding.
- Although cash will hit accounts each business day, the company will still declare dividends monthly and each day’s payout goes to holders of record from the prior business day.
- Strive said it is now debt-free with no encumbered bitcoin, reporting 15,009 BTC plus $87.6 million in cash and a $50.5 million stake in Strategy’s STRC preferred shares.
- The firm posted a GAAP net loss of $265.9 million for Q1, largely tied to mark-to-market declines in its bitcoin holdings as the asset’s price fell during the quarter.
- ASST shares rose roughly 6% Thursday after the update, with Strive pitching SATA’s daily cadence as a higher-frequency alternative to Strategy’s larger, monthly-paying STRC.