Anushka Basu
4 min read
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Michael Saylor said that Strive’s daily dividends on its SATA preferred stock were higher than Strategy’s previous payout schedule.
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Saylor expects the yield premium of STRC over 10-year U.S. Treasuries to shrink from the current level of around 700 basis points to 400-500 basis points.
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Strategy’s board conditionally declared a 12% annual dividend rate on STRC in November, subject to shareholder approval on Oct. 28.
Strategy’s (MSTR) Executive Chairman Michael Saylor said Strive (ASST) beat his company on daily preferred-stock dividends. He also added that he expects the premium yield on Variable Rate Series A Perpetual Stretch Preferred Stock (STRC), Strategy’s flagship preferred stock over Treasuries, to tighten over time.
Strive’s SATA Daily Dividends Give It an Edge Over Strategy
Speaking in a fireside chat on ParaFi Capital’s Investor Day 2026 event on Saturday, Saylor said Strategy paid quarterly dividends on its preferreds. It then changed STRC to monthly payouts, then to twice a month.
His lawyers, he said, told him twice a month was the maximum, as Nasdaq requires a 10-day window between announcing and paying a dividend. But, Saylor said, Strive came out and found a way to do it every day. He said he was “a little bit irate at the legal advice” he had received.
In May, Strive said its Variable Rate Series A Perpetual Preferred Stock (SATA) preferred stock would be the first US security listed to pay cash dividends every business day. Payments began June 16 and paid 13% per year.
Strive also announced last week that it would be issuing shares with a par value of $0.001 and a stated value of $100 per share. The stated amount would earn a cumulative dividend at an annual rate of 15% and regular dividend payments are scheduled to start on Nov. 9.
Saylor said the change led to more trading in SATA. That, he said, meant Strive had “tapped into a new pool of capital.”
Some investors view a daily-dividend security as a different kind of monetary instrument, one that they wouldn’t buy if it paid monthly or quarterly, he said.
Saylor’s Next Plan On Dividends
Strategy wants to take it one step further. Saylor said the company’s new plan would pay STRC holders each calendar day, including on weekends. It fits a market that is moving in the direction of 24-hour tokenized trading, Saylor said.
Saylor said STRC is trading about 700 basis points over the 10-year Treasury yield. One basis point equals one one-hundredth of one percent. That gap is too wide, according to Saylor.
