Strive rallies 5.8% as it clears debt in Q1, unveils daily dividends
CoinTelegraph·
60-second summary
Strive's shares surge 5.8% as it clears debt in Q1, unveiling daily dividends. The company reports a net loss of $265.9 million, primarily due to the decline in market value of its Bitcoin holdings. Despite this, Strive's decision to pay SATA holders dividends every business day starting in June boosts investor confidence, indicating a potential shift in its financial strategy.
Strive reported a net loss of $265.9 million for Q1, which it attributed to the fall in market value of its Bitcoin holdings, but saw its shares on its move to pay SATA holders dividends every business day starting in June.