Quarterly ResultMay 14, 2026, 07:47 AM
Strive to Pay Daily Dividends on Preferred Stock; Q1 Net Loss $265.9M
AI Summary
Strive, Inc. announced a significant shift in its dividend policy, initiating daily payments on its Variable Rate Series A Perpetual Preferred Stock (SATA Stock) at an annualized rate of 13.00%, effective June 16, 2026. The company also reported its first-quarter 2026 financial results, including a GAAP net loss of $265.9 million, largely due to a decrease in bitcoin fair value. Strategically, Strive acquired 6,001 bitcoin in Q1 and an additional 1,381 through May 12, bringing its total to 15,009 bitcoin, and became debt-free by repurchasing all long-term notes payable.
Key Highlights
- Strive will begin paying daily dividends on its Variable Rate Series A Perpetual Preferred Stock (SATA Stock) starting June 16, 2026.
- The regular dividend rate on SATA Stock is maintained at 13.00% per annum, effective May 16, 2026.
- Acquired 6,001 bitcoin in Q1 2026, including 5,048 from the acquisition of Semler Scientific, Inc.
- Acquired an additional 1,381 bitcoin from April 1 to May 12, 2026, bringing total bitcoin treasury to 15,009.
- Reported a GAAP net loss of $265.9 million for Q1 2026, with $295.8 million attributable to bitcoin fair value decrease.
- Non-GAAP adjusted net loss attributable to common stockholders was $319.7 million, or $5.19 per diluted share.
- Repurchased the remaining long-term notes payable, making the company debt-free as of May 12, 2026.
- Cash and cash equivalents totaled $87.6 million as of May 12, 2026.