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Strive's Bitcoin Treasury Pays Daily Dividends
Description
Strives Q1 Numbers: A Game-Changer for Bitcoin Treasury Strategies
Strives stock surged by 5.8% to $17.70 after reporting its first quarter numbers. Despite a net loss of $265.9 million due to Bitcoins 23% dip, the company cleared all debt and launched daily dividends for its preferred stock starting June 16th. This makes Strive the first public company paying out every business day at a 13% annual rate, funded directly from its Bitcoin treasury. With 15,900 Bitcoin worth approximately $1.22 billion, Strives CEO, Matt Cole, calls it a balance sheet built for volatility, with zero debt and unencumbered assets. This move sets a new standard for Bitcoin treasury strategies, keeping investors engaged even during market swings.
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