Strive Launches Daily Dividend Model, Reports Debt-Free Quarter
- Daily Dividend Initiative: Strive has announced that its Variable Rate Series A Perpetual Preferred Stock, SATA, will start paying daily dividends at an annualized rate of 13% beginning June 16, marking a significant shift in its Bitcoin strategy aimed at providing ongoing shareholder returns.
- Debt-Free Status: The company reported a debt-free quarter after repurchasing its remaining long-term notes, emphasizing zero margin requirements and no encumbered Bitcoin, which showcases a flexible financial structure designed to withstand Bitcoin's volatility.
- Unrealized Losses: Strive reported an unrealized net loss of $265.9 million for Q1, primarily due to a 23% decline in Bitcoin's market value, highlighting the challenges faced in aligning asset volatility with financing objectives in the crypto market.
- Increased Bitcoin Holdings: The company's Bitcoin holdings rose from 13,628 to 15,009 coins, currently valued at approximately $1.22 billion, demonstrating Strive's ability to enhance its Bitcoin assets through ongoing treasury activities.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for BASED
Technical Sentiment Analysis for Based (BASED). As of , Based (BASED) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 8 technical signals, shows that 4 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for BASED stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, BASED is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Based (BASED) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0241 | 0.0469 | 0.0694 | 0.0921 | 0.115 | 0.137 | 0.16 |
| Fibonacci | 0.0469 | 0.0641 | 0.0748 | 0.0921 | 0.109 | 0.12 | 0.137 |
About BASED
About the author
