A couple of volatile weeks in Digital Credit has surfaced some confusion around investor protections built into our product $SATA. While the price has moved a bit, the investor charter remains unchanged. Every term below is filed with Nevada Secretary of State and contractually built into $SATA. Cash flow protections: 1. 13.00% per annum, paid in cash every business day (variable rate) 2. Rate can't be cut into weakness. The board may only lower it if the prior period's average price is at or above $99. Below $99, the rate is frozen. 3. Rate can't gap down. Any rate cut is capped at 25 bps/month (widened by SOFR declines), can never be set below SOFR, and can never go negative. Penalty backstop: (dormant unless a dividend is ever missed) 1. Any missed dividend becomes cumulative and compounds monthly. 2. Unpaid amounts accrue at the dividend rate + 25 bps, stepping up 25 bps each month to a 20% ceiling. Structural seniority: 1. $100 liquidation preference that ratchets up, never down, reset to the greater of $100, the prior day's sale price, or the trailing average. 2. Senior to all common equity. Class A and B are Junior Stock for dividends and liquidation. 3. Dividend stopper. No common dividends or common buybacks until all accumulated SATA dividends are paid in full. Governance: 1. Board seats on prolonged "non-payment". Holders elect one Preferred Stock Director, up to two, triggered by 12+ consecutive monthly compliance dates unpaid (each with its 60-day window) or 24+ consecutive months. Terminates once cured. 2. Consent rights. Holder approval required to issue senior stock or to adversely amend terms. Exit protections: 1. Fundamental Change repurchase. On change of control, holders can force a cash buyback at liquidation preference plus accrued interest. 2. Company call: Optional redemption at $110.00 (10% premium to par) plus accrued and compounded dividends; clean-up (under 25% remaining) and tax redemptions pay full ratcheted preference plus accrued interest. 3. Perpetual. No forced maturity pressuring either issuer or holder. Outside of the charter: Management Incentives: - No management receives incentive compensation unless all dividends are paid $SATA was purposefully designed to defend the credit profile through price volatility.

Global insurance premiums are estimated to exceed $7 TRILLION ANNUALLY This capital is collected and parked in assets generating return, while anticipating liabilities (FLOAT) Garrett @garrettoj works at Marsh, which is known as the world’s largest insurance broker and risk advisor. Marsh has publicly stated to have $17.5 Trillion in Assets under Advisory (AuA), serving pension funds, insurance companies, institutions, endowments, etc. There’s an enormous opportunity to match Digital Credit duration to term liabilities in large scale institutional capital. The puzzle pieces are coming together, and sophisticated people are building on Bitcoin tied to some of the world’s largest trust organizations. Credit capital moves at the speed of Trust. Building Trust takes time and a track record.

No way around it, today was challenging for those holding Digital Credit, and it was thoroughly tested. In the spirit of continuous learning, I do want to share what the data showed underneath the volatility, because it's particularly interesting and worth digesting. I truly believe we are building and witnessing the emergence of an entirely new asset class, and the growing pains associated with it. Here's the data that stood out to me: 1. SATA Volume / Volatility & Relativity: $SATA traded $153 Million in volume, representing the SECOND largest trading volume in the securities history (behind May 29th $162M). $153M of volume represents roughly 20% of the entire $SATA supply. Despite trading to an intraday low of $92.88, $SATA recovered to and closed at $97.71, which is within 1.3% of the target trading range ($99 - $101). 2. Liquidity Profile & Comparative Stats: ($PFF and $JPM.PD) Lets compare $SATA and $STRC to the largest preferred equity ETF on the planet $PFF (Blackrock's preferred equity ETF). $PFF has roughly $13.6 Billion in AuM, with a 30 day SEC yield of 6.3%. It traded $78 Million in volume today (0.57% of the AuM). $SATA is 5.5% of the size, yet traded nearly double the volume, with a yield twice the size. Another example, JPM-PD an alternative preferred equity (JP Morgan Preferred, 5.75% interest, non cumulative dividends) has $1.47 Billion outstanding, and traded $1.65M in volume today. SATA is roughly 1/2 the size of JPM PD, yet traded 92 times the volume. It has taken JPM PD the last 48 trading days (going back to April 13th 2026) to trade $153M in volume, and it has taken 111 days (going back to January 12th 2026) to trade 20% of the notional O/S, like $SATA did today (in a single day). Comparatively, $STRC did $941 Million in volume, 4th largest volume day in its history, and largest non-record date volume day. Takeaway: For large institutional capital, Liquidity is the whole question. Liquidity is what determines how large a position you can build, and how quickly you can exit it, without moving the market against yourself. A day like today is a real world test of Liquidity, not necessarily Credit (as the crowd of X profiles would suggest). As @ColeMacro accurately pointed out, a liquidation event and a credit event are not the same thing. Leverage appears to have been flushed, fundamentals intact, and the instruments absorbed the flow and found bids throughout the day. That is not a fragile market, this is data of a young market figuring out what it is made of. Hard times build strong men & strong securities. We will continue to work relentlessly for Bitcoin & Digital Credit. 🫡

Surreal. From Reinsurance & basement podcasting To Ringing opening bell on the Nasdaq with a ~$1.2 Billion Bitcoin balance sheet. So incredibly proud of this team. The future is bright orange.

Tomorrow, @Strive will ring the opening bell at @Nasdaq to commemorate $SATA, the first security in history to pay daily dividends.   Until then, turn the volume up.   The Daily Dividend Remix.

Today, $SATA traded approximately $43M in volume, equal to ~8.7% of its notional amount outstanding. $ASST traded approximately ~$93M in volume, equal to ~7.2% of its market cap. Liquidity is building.

Great to see the innovation happening at Strive in Digital Credit. Once used to create the physical rails to enable the industrial revolution, Preferred Equity will now create the digital rails to enable the digital revolution. Congrats @ColeMacro and team.

1. Nasdaq has already approved daily dividends for $SATA. - There will still be 10 days or more between dividend declaration & record, but no requirement of 10 days between record & payment. 2. No shareholder vote is needed. - Daily dividends for $SATA begin on 6/16/26.

STRIVE - The Daily Dividend Company Digital Credit is going DAILY Below are the improvements on the horizon for $SATA and @Strive What it means and why it matters 🧵👇