Strive Shares Surge 5.8% After Clearing Debt and Announcing Daily Dividends
Strive rallies 5.8% as it clears debt in Q1, unveils daily dividends
Cointelegraph
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Strive, a Bitcoin-focused company founded by Vivek Ramaswamy, saw its shares rise 5.8% after announcing it has cleared all debt and will pay daily dividends starting June 16. Despite a net loss of $265.9 million in Q1 due to falling Bitcoin values, the company aims to innovate in the digital credit space.
- 01Strive shares increased by 5.8% following the announcement of daily dividends.
- 02The company reported a net loss of $265.9 million in Q1 2026 due to declining Bitcoin values.
- 03Strive has eliminated all debt and will start paying dividends to SATA holders every business day.
- 04The company holds 15,009 Bitcoin valued at approximately $1.22 billion.
- 05Strive aims to differentiate itself in the bear market by innovating beyond traditional Bitcoin strategies.
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Strive, a company focused on Bitcoin investments and founded by Vivek Ramaswamy, announced a 5.8% increase in its shares after revealing plans to pay daily dividends to holders of its Variable Rate Series A Perpetual Preferred Stock (ticker SATA) starting June 16. The dividends will be funded by income from its Bitcoin treasury strategy, with a current annual rate of 13%. Despite reporting a net loss of $265.9 million in the first quarter of 2026 due to a 23% decline in Bitcoin prices, Strive successfully eliminated all its debt, ending the quarter with no outstanding obligations. The company now holds 15,009 Bitcoin, valued at approximately $1.22 billion. This innovative approach positions Strive as the first public company to offer daily dividends, setting it apart in a challenging market for cryptocurrency firms.
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