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Strive Perpetual Preferred Stock SATA will distribute cash dividends daily starting June 16, setting a precedent in U.S. stock history
Mars Finance News: According to CoinDesk, Bitcoin treasury company Strive announced that its perpetual preferred stock SATA will pay cash dividends every trading day starting June 16, becoming the first listed security in U.S. capital markets to achieve daily dividend payments. Strive CEO Matthew Cole described this move as “a zero-to-one innovation.” SATA has an annualized dividend yield of 13%, and after converting to daily dividends, the effective annualized return increases to approximately 13.88%. Currently, Strive has paid off all its debt and holds 15,009 bitcoins, ranking ninth among publicly listed companies with Bitcoin reserves worldwide.