At a 13% dividend rate — which the board locked in for periods starting on or after August 1 — the annualized dividend obligation comes out to around $101.8 million. And that’s before you account for any operating costs, changes in share count, or shifts in the SATA rate itself. No new SATA shares were issued during that stretch, per the amended sales agreement. The company can technically adjust the dividend rate, but there’s a SOFR-linked floor that limits how far down it can go. Strive raised $43 million from Class A shares while holding 20,167 Bitcoin and watching a $101.8 million annual dividend obligation compound daily.