dividends

According to CoinDesk, Bitcoin treasury company Strive announced that its perpetual preferred stock SATA will pay cash dividends on each trading day starting from June 16, becoming the first listed security in the history of the U.S. capital markets to achieve daily dividend payments.Strive CEO Matthew Cole described this move as "an innovation from zero to one." The annualized dividend yield of SATA is 13%, and after converting to daily payments, the effective annualized yield increases to approximately 13.88%. Currently, Strive has zero debt and holds 15,009 bitcoins, ranking ninth in global listed companies' bitcoin reserves.

According to The Block, K33 research director Vetle Lunde stated that Strategy's perpetual preferred stock STRC may be becoming an important factor driving the mid-month rise in Bitcoin. Lunde pointed out that STRC dividends are paid on the last day of each month, while the ex-dividend date is set around the 15th of each month.Since Strategy will issue additional shares through the ATM mechanism when the STRC price exceeds the $100 par value and use the raised funds to purchase BTC, the market demand for STRC tends to increase before the ex-dividend date, often leading to more BTC buying.Data shows that the scale of BTC purchased by Strategy through STRC has grown from 4,467 coins in January this year to about 46,872 coins in April. Currently, Strategy's total Bitcoin holdings have reached 818,869 BTC, valued at approximately $6.57 billion.However, K33 also noted that the speed at which STRC returned to par value this month has slowed compared to before, with only 1 BTC added through this tool recently, indicating that market demand may be approaching a phase of plateau.

DTCC (Depository Trust & Clearing Corporation) CEO Frank La Salla stated that the company is collaborating with multiple high-performance Layer 1 blockchains to explore migrating complex corporate actions such as dividend payments and tender offers to on-chain processing.La Salla mentioned at the Consensus 2026 conference that most blockchains still lack efficiency in handling corporate actions, while DTCC needs to process millions of dividend payments daily, thus requiring support from Layer 1 networks with high throughput and stability. DTCC is one of the core infrastructures of the U.S. capital markets, handling approximately $20 trillion in U.S. Treasury and securities transactions daily. The organization plans to launch a tokenized securities platform test in July this year, aiming for a broader rollout in October.La Salla believes that "tokenized collateral" could become the first large-scale institutional application scenario for blockchain. In the future, Asian institutions could even access dollar liquidity in real-time through on-chain collateral during New York's Sunday hours. However, he also warned that blockchain still faces issues such as scalability, liquidity fragmentation, and risk management, especially the efficiency of "net settlement" in traditional financial systems, which remains difficult to replicate in a decentralized environment.

According to BBX data, yesterday (May 5) marked the dual arrival of the earnings season for cryptocurrency concept stocks and a wave of industry layoffs. The core dynamics are as follows:Strategy, Inc. (NASDAQ: $MSTR) released its Q1 2026 earnings report after the market on May 5 (official press release): net loss of $12.54 billion (per share -$38.25), primarily driven by an unrealized loss of $14.46 billion on Bitcoin holdings------the price of Bitcoin fell from about $87,000 to about $68,000 during Q1; revenue of $124.3 million (up 11.9% year-on-year), slightly exceeding consensus expectations of $123.2 million. As of May 3, the company held a total of 818,334 BTC, with an average price of $75,537 and a total cost of $61.81 billion; approximately 89,600 BTC were added in Q1 (costing about $5.5 billion), marking the second-largest single-quarter purchase in the company's history. The company's annualized return (BTC Yield) for Q1 continued to improve compared to the beginning of the year, with specific values to be disclosed in the official earnings report. Notably, the company mentioned for the first time in its risk disclosures that it may sell Bitcoin to fulfill its annual dividend obligation of about $1.5 billion, with current reserves covering only about 18 months of dividend expenses; management referred to the STRC preferred stock financing as a "great success," raising approximately $5.58 billion through STRC in Q1.Coinbase Global, Inc. (NASDAQ: $COIN) CEO Brian Armstrong announced on May 5 via the X platform and an official memo that the company will lay off about 700 employees (about 14% of the global workforce), citing the downturn in the cryptocurrency market and AI accelerating the reshaping of the company's operational model. Armstrong stated that AI has enabled the engineering team to complete in days what previously took weeks. The company will compress management levels to a maximum of five layers below the CEO/COO and replace traditional functional departments with "AI-native pods," where each manager must directly oversee at least 15 subordinates while maintaining a personal contributor role; affected employees in the U.S. will receive at least 16 weeks of base salary plus an additional two weeks of severance for each year of service. The company's Q1 2026 earnings report will be released tomorrow (May 7) after the market closes, with current analyst consensus expecting revenue of about $1.5 billion and EPS of approximately $0.23---$0.36.

Strive CEO ColeMacro responded to the Grayscale report, stating that the report indicates the long-term ability of the Strategy to pay STRC dividends depends on the rise in Bitcoin prices.ColeMacro mentioned that there is a huge demand for digital credit because it offers double-digit returns, low volatility, and is easy for credit risk investors to understand and favor. He also pointed out that the report failed to discuss volatility and has shortcomings in credit analysis.

Strategy co-founder Michael Saylor posted on the X platform stating that the annualized breakeven yield on the company's Bitcoin holdings is approximately 2.05%. If the long-term growth rate of Bitcoin exceeds this level, Strategy can indefinitely pay dividends without issuing additional MSTR shares, and relevant data can be tracked in real-time on the official website.

According to Globenewswire, digital asset management company CoinShares has released its latest financial report, disclosing that by December 31, 2025, the total assets under management will reach $7.4 billion, with the total assets under management of its physical digital asset ETP reaching $2.8 billion (despite the decline in the cryptocurrency market, a net inflow of $662 million was recorded in the second half of 2025).In addition, CoinShares announced that its board has decided to distribute a dividend of $0.33 per share for the year 2025, totaling approximately $21.5 million, before the completion of its merger with Vine Hill Capital Investment Corp.

MicroStrategy stated during a live interview on a Middle Eastern television program that if the company sells credit instruments equivalent to 1.4% of its capital assets, it can pay the MSTR dividend and permanently increase the amount of BTC it holds.

"BTC OG insider whale" agent Garrett Jin stated that as artificial intelligence applications mature, the scale of AI-assisted trading will rapidly grow. Ethereum's smart contracts and Layer 2 solutions provide a programmable, transparent, and secure execution environment for AI bots, enabling the automation of trading, customer interaction, and marketing.This ecosystem is highly likely to be based on Ethereum. It will primarily be built on smart contracts, DeFi protocols, and decentralized AI agents. The integration of Ethereum's DeFi and AI ecosystems highlights ETH's high-tech and growth-oriented characteristics.The fusion of these two ecosystems will inevitably drive higher demand for stablecoins. The increase in stablecoin activity on Ethereum directly enhances the valuation of ETH, similar to the relationship between oil and GDP growth.From a broader macro perspective, artificial intelligence may drive a long-term deflationary cycle, significantly lowering global interest rates (far below 2-3%). In this environment, a 3% staking yield on ETH will increasingly be seen as an attractive fixed income, a factor that is not yet fully reflected in ETH's price. Once this characteristic becomes apparent, more institutional capital may view ETH as a strategic reserve asset.Therefore, the valuation framework for ETH combines the dual attributes of high dividends and high-tech growth:The release of its high dividend characteristics should be accompanied by a reduction in downside volatility.The release of its high-tech growth characteristics should be accompanied by an increase in upside volatility.

Securitize posted on the X platform that BUIDL, a subsidiary of BlackRock, has become the first tokenized government bond project to accumulate $100 million in dividends.

Securitize posted on platform X that BUIDL, a subsidiary of BlackRock, has become the first tokenized government bond project to accumulate $100 million in dividend payments.

According to CNBC, the latest analysis indicates that the stock price of Bitcoin treasury company Strategy remains low, and the Bitcoin premium indicator is also declining. A key decision on whether the MSCI index will remove Strategy is approaching in January next year. Against this backdrop, Strategy is drafting a "defensive mode," and they have recently established a cash buffer of about $2.2 billion to cope with the challenges of Bitcoin bets. This fund is expected to be used for paying preferred stock dividends and debt interest rather than purchasing more Bitcoin.

Japan's largest corporate Bitcoin holder, Metaplanet, approved a comprehensive reform of its capital structure on Monday, allowing it to raise funds from institutional investors by issuing dividend preference shares. The approved proposal includes reclassifying capital reserves, doubling the authorized number of Class A and Class B preference shares, and modifying the dividend structure to introduce floating and regular payouts.Class A preference shares will adopt a monthly floating dividend mechanism, while Class B preference shares will offer quarterly dividends and be open to international institutional investors. According to reports, Metaplanet currently holds approximately 30,823 Bitcoins, valued at $2.75 billion, making it the largest corporate Bitcoin holder in Asia. The company also announced that it will trade through American Depositary Receipts in the U.S. over-the-counter market, further expanding its global market presence.

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