Strive Pitches Daily-Dividend SATA as STRC Rival with Debt-Free 15,009 BTC Treasury
Strive is positioning its SATA preferred stock—set for daily cash dividends starting June 16 at 13% annualized (13.88% effective)—as a higher-frequency alternative to Strategy's STRC. Q1 earnings released May 14 showed a $265.9M net loss from $295.8M BTC unrealized losses, despite adding 848 BTC in Q1, 1,381 more through May 12 at ~$76,524 average, and 5,048 BTC from Semler merger, totaling 15,009 BTC (~$1.22B). Debt-free with $87.6M cash post-note buybacks, shares rallied 5.8% to $17.70 as BTC hovered near $80,600.