Strive announced its preferred stock “daily dividend payment” strategy and disclosed that it has paid off all its debts.

CoinFeed reported on May 15th that, according to The Block, shares of Strive, a Bitcoin treasury company founded by Vivek Ramaswamy, rose as much as 7% on Thursday. The company announced that its preferred stock, SATA, will pay cash dividends daily starting June 16th, with a current annualized dividend yield of 13%, making it the first security in the history of the US capital market to pay cash dividends daily. The company also disclosed that it has paid off all its debts and currently has no short-term or long-term outstanding debts, and holds "uncollateralized Bitcoin." Strive completed its acquisition of Bitcoin treasury company Semler Scientific in the first quarter, increasing its total Bitcoin holdings to 15,009 coins, worth over $1.22 billion, making it the ninth largest publicly traded Bitcoin treasury company. The company's net unrealized loss for the first quarter was approximately $266 million, almost entirely due to impairment of its Bitcoin holdings.