Strive’s SATA: The Quiet Nasdaq Decision That Just Changed Everything

Welcome to the Bitcoin Balance Sheet. Each Friday, we recap key insights from our podcast hosted by our very own Tyler Rowe.

Yesterday, Strive announced that they have received Nasdaq approval to offer daily dividend payments on their preferred stock SATA, making it the world’s first stock to pay daily dividends. Markets reacted positively to the news, sending SATA to par within hours of the announcement.

Daily dividends will begin on June 16. This gives Strive a strategic edge over Strategy’s STRC, which has only announced plans for semi-monthly dividends. SATA could capture trading volume from STRC by offering investors faster returns and higher yields.

Apyx is the first dividend‑backed stablecoin protocol that turns preferred equity from Digital Asset Treasury (DAT) companies into programmable, high‑yield digital dollars. Apyx delivers sustainable double‑digit yield with institutional transparency, daily NAV visibility, and verifiable on‑chain reserves.

All eyes are now on SATA. If the market continues pushing the stock above $100, you can track it live on BitcoinTreasuries.net.

• Livestream — Real-time $SATA and $STRC buying, with insight and analysis on the Digital Credit space on our X page

• SATA Tracker — Minute-by-minute accumulation, yield, price, and buying activity using our SATA BTC Accumulation Tracker

STRC Did $1.5 Billion in Volume And the Media Is Still Silent

Steven Lubka, Nakamoto's VP of Investor Relations, joined Alexandre Laizet of Capital B and Tyler Rowe. They make the case that STRC, which is already handling up to a billion dollars a day in volume, is quickly becoming the benchmark rate for digital credit and that most of Wall Street and Europe still hasn't caught up.

Laizet described interviewing France’s biggest financial newspaper, which had never heard of STRC. Lubka highlighted Nakamoto’s recent Vegas summit with 25 banks in the room, including TD and Barclays. He also pointed out that TD just initiated Buy coverage on Nakamoto, joining firms like Maxim, Cebert, and B. Riley. Currently, eighty percent of STRC inflows are still from retail investors. The institutional wave is only beginning.

Listen and subscribe for the full conversation on STRC and the shift happening in digital credit.

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Why Ex-Credit Suisse Risk Chief Says Bitcoin Is the Only Answer

Mark Connors, founder of Risk Dimensions and former Global Head of Portfolio and Risk at Credit Suisse, delivers one of the strongest macro cases for Bitcoin we've heard. After 40 years on Wall Street, his conclusion is direct: the traditional tools central banks and governments have used no longer work, and Bitcoin is a solid, reliable foundation in this environment.

Connors predicts a major U.S. banking rule that currently limits how much debt big banks can take on will be fully repealed within six months. This would allow banks like JP Morgan, Citi, and Wells Fargo to buy and hold far more U.S. Treasury bonds, easing pressure on the Federal Reserve. He calls Powell's 2023 rate-hike campaign indefensible from a risk perspective. His sharpest take: STRC will trade at 4.5 percent as mining becomes more decentralized, and it is already the largest preferred structure of its kind on the planet.

Listen and subscribe for Mark's full thoughts on digital credit and why a 3 percent Bitcoin allocation can boost traditional 60-40 portfolio returns by 35 percent.

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Special thanks to our partners:

• AnchorWatch. AnchorWatch makes Bitcoin ownership safer and easier by combining advanced custody expertise with industry-grade insurance. As a Lloyd’s of London Coverholder, it writes specialized policies that address digital-asset risks, giving clients trusted coverage and peace of mind. Learn more: AnchorWatch

• Apyx. is the first dividend‑backed stablecoin protocol that turns preferred equity from Digital Asset Treasury (DAT) companies into programmable, high‑yield digital dollars. Apyx delivers sustainable double‑digit yield with institutional transparency, daily NAV visibility, and verifiable on‑chain reserves. Learn more: Apyx

• Arch Lending. Get instant, secure loans backed by your Bitcoin, Ethereum, or Solana—no need to sell your assets. Arch Lending offers fast approvals and trusted custody for both individuals and institutions. Learn more: Arch Lending

• BitGo. BitGo is the leading institutional-grade digital asset custody, trading, and finance platform, trusted by exchanges, hedge funds, and corporations worldwide to secure and manage their crypto holdings. As the pioneer of multi-signature wallet technology, BitGo provides unmatched security, regulatory compliance, and deep liquidity solutions for serious digital asset operations. Learn more: BitGo

• Cadena Bitcoin. A p2p bitcoin lending marketplace with a unique emphasis on working with treasury firms and businesses, as well as the savvy bitcoin-native investors who visit our website. Learn more: Cadena Bitcoin

• Coinkite. Coinkite is a leader in security and hardware manufacturing and the maker of some of the most iconic Bitcoin products, such as OPENDIME, COLDCARD, BLOCKCLOCK, SATSCARD, TAPSIGNER and SATSCHIP. Learn more: Coinkite

• Cryptio. Cryptio is an enterprise-grade accounting software platform built specifically for digital assets and cryptocurrencies. It enables businesses to transform blockchain transaction data from multiple exchanges and custodians into auditable financial records, supporting compliance with GAAP and IFRS standards. Learn more: Cryptio

• The Hemisphere Foundation. Hemisphere develops open-source solutions designed to help treasury teams securely manage, deploy, and optimize their BTC holdings, with benefits of self-custody and Bitcoin native deployment. Learn more: The Hemisphere Foundation

• Orange Wheel Advisors. Orange Wheel Advisors is a strategic consulting firm that helps companies navigate Bitcoin’s impact on corporate finance and competitive strategy. With expertise spanning treasury management, payments, capital structure, mining, and investor communications, they provide executive education, tailored strategies, and execution support to guide businesses through the global monetary transition. Learn more: Orange Wheel Advisors

• o21 Solutions. o21 develops and implements Bitcoin-powered corporate strategy, transforming value chains with strategic expertise and tailored advisory services, with a focus on both Treasury and Operations - balance sheet accumulation, mining, and payments. Reduce cycle time through the corporate Bitcoin adoption journey through our pre-packaged or tailored engagements. Learn more: o21 Solutions

• Psalion. Psalion is a Bitcoin and digital-asset yield manager that offers institutional‑style investment strategies to professional investors, family offices, corporates, and private clients via separately managed accounts and yield funds. Learn more: Psalion

• Secure Digital Markets (SDM) provides unparalleled liquidity, execution speed, and bespoke customer service, making it the top choice for institutional investors seeking reliable digital asset trading solutions. With deep expertise in capital markets and strict regulatory standards, SDM stands out as the premier platform for all digital asset treasury teams looking to optimize their trading and treasury operations. Learn more: Secure Digital Markets (SDM)

• Stacking Sats Inc. Official IT partner at BitcoinTreasuries, Stacking Sats Inc via its subsidiary, Framework IT, is a managed IT services firm with a 17-year track record of providing best-in-class IT support, strategy, and cybersecurity, boasting high recurring revenue and long-term client contracts. It’s also one of the top 20 holders of Bitcoin among global private companies. Learn more: Stacking Sats Inc

• XCE. An executive recruitment group that combines a profitable recruitment business with a Bitcoin treasury strategy. The company turns over a decade of executive recruitment experience and four years of Bitcoin accumulation into a public Bitcoin‑powered growth engine, using a proven operating business to drive Bitcoin treasury accumulation. Learn more: XCE

• Zaprite. Zaprite is a non-custodial payment platform that allows individuals and businesses to seamlessly accept both bitcoin (on-chain and lightning) and fiat payments in a unified, customizable checkout experience. Users can easily issue invoices, generate payment links, and connect multiple wallets or custodial accounts, all while handling their own funds directly. Learn more: Zaprite