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Strive launches the "Daily Dividend" strategy, with the stock price rising as much as 7%
Odaily Planet Daily reports that the Bitcoin reserve company Strive Inc., founded by Vivek Ramaswamy, saw its stock price rise by 7% at one point on Thursday. The company announced that its preferred stock SATA will pay cash dividends on each trading day starting June 16, with a current annualized dividend yield of 13%.
Strive CEO Matthew Cole stated that SATA will become the first listed security in U.S. capital market history to pay cash dividends every business day.
Meanwhile, Strive disclosed that it has fully repaid all debts, currently has no short-term or long-term liabilities, and holds no mortgaged Bitcoin. The company also said it has completed the acquisition of another Bitcoin reserve company, Semler Scientific, increasing its Bitcoin holdings to over 15,000 coins. (The Block)