Strive, Inc. (ASST) SEC Filings & Earnings Calls

No new risk signals; dividend declaration is routine and expected per preferred stock terms.

Bitcoin price volatility could impact balance sheet and liquidity; no hedging disclosed.

“Bitcoin holdings of 36,818 as of Oct 16, 2026, purchased at avg $82,803; no hedging or price protection mentioned.”

Dilution from warrant exercises and preferred stock offering; 13.7M new Class A shares issued.

“Class A shares increased from 101.2M to 114.8M; 7M shares of Series A Perpetual Preferred Stock offered at $90/share for ~$630M proceeds.”

High dividend obligation on perpetual preferred stock may pressure cash flows if bitcoin or other investments underperform.

“15.00% Series A Perpetual SATS Preferred Stock – fixed dividend rate of 15% on $630M proceeds implies ~$94.5M annual dividend obligation.”

Use of proceeds for bitcoin acquisition introduces volatility and regulatory risk.

“the acquisition of bitcoin and bitcoin-related products” · word for word

Bitcoin price volatility could impact balance sheet value.

“Company purchased 2,822 bitcoin; crypto asset price fluctuations may affect financial position.”

IPO subject to market conditions; may not be completed if market conditions are unfavorable.

“subject to market and other conditions” · word for word

Dividend payments may exceed earnings and profits, leading to return of capital treatment.

“Company does not have any accumulated earnings and profits, and does not expect to generate current earnings and profits in the current year or the foreseeable future.” · word for word

Bitcoin price volatility could impact balance sheet and liquidity.

“Company holds 32,773 bitcoin; average purchase price ~$84,500; bitcoin price fluctuations directly affect asset values.”

Bitcoin price volatility could materially impact treasury value and financial metrics.

“Fair value of bitcoin held $2.34B vs cost basis; BTC price $83,577 as of Sep 30, 2026.”

Bitcoin price volatility could impact balance sheet; continued accumulation increases exposure.

“Company holds 27,462 bitcoin; price fluctuations could materially affect financial position.”

Bitcoin price volatility could impact treasury value; no hedging disclosed.

“Bitcoin holdings of 26,355 at market price; no price protection mentioned.”

Dividend is treated as return of capital; no current or expected earnings and profits.

“Company does not have any accumulated earnings and profits, and does not expect to generate current earnings and profits in the current year or the foreseeable future.” · word for word

Bitcoin price volatility could impact balance sheet.

“Bitcoin holdings of 25,000 subject to market price fluctuations.”

Bitcoin price volatility and dilution risk from share issuance.

“risks associated with Bitcoin and other digital assets... dilution caused by Strive’s issuance of additional shares of its Class A common stock or SATA Stock”

Bitcoin price volatility could impact balance sheet and shareholder value.

“Bitcoin holdings of 23,156; price fluctuations directly affect asset value.”

Share dilution from equity issuance for bitcoin purchases.

“Class A shares increased by 3,579,147 in one week.”

Dilution from at-the-market equity offering

“Issuer's ongoing issuance of additional shares of Class A Common Stock pursuant to its at-the-market equity offering program.” · word for word

Dilution from at-the-market equity offering

“Issuer's ongoing issuance of additional shares of Class A Common Stock pursuant to its at-the-market equity offering program.” · word for word

Share dilution from equity issuance; 3.6M new Class A shares issued in one week.

“Class A common stock outstanding increased from 76,244,588 to 79,890,888.”

Bitcoin price volatility risk; large holdings subject to market swings.

“Company holds 21,356 bitcoin; purchased at ~$73,409 each.”

Bitcoin price volatility risk

“Bitcoin holdings subject to market fluctuations”

Share dilution from equity issuance

“Class A shares increased by 597,150 in one week”

No material risk identified; dividend maintenance suggests stable cash flow but no earnings/profits expected in foreseeable future.

“The Company does not have any accumulated earnings and profits, and does not expect to generate current earnings and profits in the current year or the foreseeable future.” · word for word

Bitcoin price volatility directly impacts reported earnings and equity value

“$234.0 million (94.1%) of GAAP net loss attributable to fair market value decrease of bitcoin and STRC Stock holdings”

Preferred stock dividend obligation creates cash drain and dilutive pressure

“$26.2 million (9.5%) of non-GAAP adjusted net loss attributable to dividends declared on SATA Stock”

Continued share dilution from equity issuance to fund bitcoin purchases

“Class A common stock shares increased by 1,230,000 in one week”

Bitcoin price volatility risk

“Net unrealized loss on digital assets, at fair value increased by $228.0 million, to $228.0 million for the three months ended June 30, 2026.” · word for word

Operating cash burn

“Net cash used in operating activities $39,400 thousand for the six months ended June 30, 2026.”

Dividends may be return of capital; no earnings to support distributions.

“Company does not have any accumulated earnings and profits, and does not expect to generate current earnings and profits” · word for word

Bitcoin price volatility impacts balance sheet; no operating revenue.

“Bitcoin held at cost subject to market fluctuations.”

Bitcoin price volatility; high annualized interest obligation on SATA stock.

“Annualized interest obligation (in thousands) $ 101,784; Market Price of BTC $ 58,631”

Bitcoin price volatility could impact fair value of STRC stock and overall balance sheet.

“Fair value of STRC Stock decreased $7.08M in one week, from $44.738M to $37.658M.”

Merger integration with Semler Scientific introduces execution risk and potential dilution.

“Forward-looking statements reference risks related to merger integration, dilution from additional share issuance, and changes in Bitcoin treasury strategies.”

Equity dilution from ATM sales to fund bitcoin purchases; share count increased by 1.9M Class A shares in one week.

“Class A common stock increased from 69,894,045 to 71,787,867”

Bitcoin price volatility could impair treasury value; average purchase price ~$65,850.

“purchased 759 bitcoin at an average price of approximately $65,850 per bitcoin” · word for word

No accumulated or current earnings and profits; distributions are return of capital, reducing tax basis.

“Company does not have any accumulated earnings and profits, and does not expect to generate current earnings and profits in the current year or the foreseeable future.” · word for word

Equity dilution continues; Class A shares increased by 483,400 in one week.

“Class A common stock increased from 69,410,645 to 69,894,045”

Bitcoin price volatility risk; average purchase price ~$63,646.

“purchased 73 bitcoin at an average price of approximately $63,646 per bitcoin” · word for word

Massive potential dilution from ATM programs totaling $5.15B; existing shareholders face significant ownership dilution.

“up to $2.55 billion of Common Stock ... up to $2.6 billion of SATA Stock” · word for word

Authorized SATA Stock increased to 40M shares from ~7.5M outstanding, allowing substantial future issuance.

“increase the number of authorized shares of its SATA Stock to 40,000,000 shares” · word for word

Equity dilution continues; Class A shares increased by 321,500 in one week.

“Class A common stock increased from 69,089,145 to 69,410,645”

Bitcoin price volatility risk; average purchase price ~$63,911.

“purchased 32 bitcoin at an average price of approximately $63,911 per bitcoin” · word for word

Significant equity dilution: Class A shares increased by 3.19M and SATA Stock by 1.75M in one week.

“Class A common stock increased from 65,898,527 to 69,089,145; SATA Stock increased from 5,759,719 to 7,513,907”

Large bitcoin purchase at ~$74,092 per bitcoin exposes company to significant price volatility.

“purchased 2,500 bitcoin at an average price of approximately $74,092 per bitcoin” · word for word

Dilution from ATM offering

“ongoing issuance of additional shares of Class A Common Stock by the Issuer pursuant to the Issuer's at-the-market equity offering program” · word for word

Planned massive equity dilution; ATM programs could total $5.15B if fully implemented.

“increase the maximum aggregate offering size of each ATM program by $2.1 billion” · word for word

Dilution from ATM offering

“ongoing issuance of additional shares of Class A Common Stock by the Issuer pursuant to the Issuer's at-the-market equity offering program” · word for word

Equity dilution: Class A shares increased by 2.23M and SATA Stock by 515,298 in one week.

“Class A common stock increased from 63,666,527 to 65,898,527; SATA Stock increased from 5,244,421 to 5,759,719”

Bitcoin purchase at ~$76,989 per bitcoin; price volatility risk.

“purchased 1,109 bitcoin at an average price of approximately $76,989 per bitcoin” · word for word

Bitcoin price volatility could impact treasury value and financial stability.

“Company holds 15,391 bitcoin; no hedging disclosed.”

Bitcoin price volatility remains a key risk; no hedging disclosed.

“Company holds 15,009 bitcoin; no hedging mentioned.”

Bitcoin price volatility risk

“Net unrealized loss on digital assets, at fair value increased by $295.8 million, or (100.0)%, to $295.8 million for the three months ended March 31, 2026.” · word for word

Integration risk from Semler acquisition

“Transaction costs increased by $6.5 million, or (100.0)%, to $6.5 million for the three months ended March 31, 2026.”

Loss of a significant contract may impact revenue and operations.

“Item 1.02: terminated a material definitive agreement.”

Bitcoin price volatility could materially affect balance sheet and liquidity

“risks associated with Bitcoin and other digital assets” · word for word

Integration risk from merger with Semler Scientific may distract management

“diversion of management’s attention from ongoing business operations and opportunities” · word for word

Potential dilution from issuance of additional Class A common stock or SATA Stock

“dilution caused by Strive’s issuance of additional shares of its Class A common stock or SATA Stock” · word for word

Bitcoin price volatility could impact balance sheet; merger integration risks with Semler Scientific.

“Forward-looking statements cite risks related to Bitcoin and digital assets, merger integration, and dilution.”

No current or expected earnings and profits; dividends may be treated as return of capital.

“Company does not have any accumulated earnings and profits, and does not expect to generate current earnings and profits in the current year or the foreseeable future.” · word for word

Merger integration risk with Semler Scientific; Bitcoin treasury strategy risk.

“the possibility that the anticipated benefits of the merger transaction are not realized... risks associated with Bitcoin and other digital assets.” · word for word

Bitcoin Price Volatility Impact on Earnings

“Net unrealized loss on digital assets, at fair value increased by $194.5 million, or (100.0)%, to $194.5 million for the period from September 12, 2025 to December 31, 2025.” · word for word

Goodwill Impairment from Merger

“Goodwill and intangible asset impairment increased by $140.8 million, or (100.0)%, to $140.8 million for the period from September 12, 2025 to December 31, 2025.” · word for word

Dividend Payment Dependency on Cash Flow

“Our ability to declare and pay cash dividends on our SATA Stock will depend on many factors, including the following: our financial condition, including the amount of cash we have on hand; the amount of cash, if any, generated by our operations and financing activities.” · word for word

Nasdaq Listing Compliance Risk

“In order to maintain its listing on The Nasdaq Stock Market LLC ('Nasdaq'), the Company effected a one-for-twenty (1-for-20) reverse stock split” · word for word

Concentrated Ownership Risk

“Vivek Ramaswamy beneficially owns 57.63% of Class B Common Stock, giving him significant voting control.”

Bitcoin price volatility risk: significant bitcoin holdings expose company to crypto market fluctuations.

“Holds 13,131.8 bitcoin; Bitcoin treasury strategies listed as risk factor.”

Dilution risk: potential issuance of additional shares of Class A common stock or SATA Stock.

“Risk factor mentions dilution caused by issuance of additional shares.”

Dilution risk from preferred equity issuance

“Issued 1,320,000 shares of SATA Stock and 930,000 shares in exchange for notes.”

Bitcoin price volatility exposure

“Company's value tied to bitcoin holdings; price decline could impact financials.”

Dilution from preferred stock offering

“Issuance of 1,320,000 preferred shares; proceeds used for debt redemption and bitcoin acquisition.”

Dilution from preferred stock offering

“$150M preferred stock offering; proceeds for debt redemption and bitcoin acquisition.”

Integration risk and Bitcoin volatility exposure post-merger.

“Forward-looking statements cite Bitcoin volatility and integration challenges.”

No current earnings/profits; dividends may be treated as return of capital.

“Company does not have any accumulated earnings and profits, and does not expect to generate current earnings and profits.” · word for word

Bitcoin price volatility poses significant risk to company's treasury strategy and financial condition.

“risks related to volatility in Bitcoin; along with other risks related to Semler Scientific's Bitcoin treasury strategy” · word for word

Proposed merger with Semler Scientific may not close as expected due to conditions not being satisfied or legal proceedings.

“the possibility that the proposed transaction does not close when expected or at all because the conditions to closing are not received or satisfied on a timely basis or at all” · word for word

Potential dilution from increased authorized SATA Stock shares.

“Authorized SATA Stock increased to 20,000,000 shares, enabling significant future issuance.”

Equity financing risk: company may raise capital through SATA Stock issuance, diluting common shareholders.

“Sales Agreement with underwriters for potential at-the-market offering.”

Bitcoin price volatility risk; fair value of digital assets subject to market fluctuations.

“Digital assets at fair value of $672.9M; Bitcoin holdings subject to price risk.”

Operating business loss; asset management segment forecast near break-even in 2026.

“Management forecasts asset management operating business to have single digit million-dollar loss to income in 2026.”

Bitcoin Price Volatility

“Net unrealized loss on digital assets increased by $10.1 million, or (100.0)%, to $10.1 million for the period from September 12, 2025 to September 30, 2025.” · word for word

Goodwill Impairment

“Goodwill and intangible asset impairment increased by $140.8 million, or (100.0)%, to $140.8 million for the period from September 12, 2025 to September 30, 2025.” · word for word

Merger Integration Risk

“Transaction costs increased by $17.8 million, or (100.0)%, to $17.8 million ($7.5 million for the period from September 12, 2025 to September 30, 2025 and $10.3 million for the period from July 1, 2025 to September 11, 2025) from no transaction costs for the three months ended September 30, 2024.” · word for word

Derivative Losses

“Other derivative loss increased by $14.7 million, or (100.0)%, to $14.7 million for the period from September 12, 2025 to September 30, 2025, which was driven by the market price of the Company's Class A common stock being higher than the price agreed-upon as part of the exchange of bitcoin for Class A common shares at the exchange date.” · word for word

Share Dilution

“Weighted average number of diluted common shares outstanding 872,349,183 for the period from September 12, 2025 to September 30, 2025, compared to 2,325,783 for the period from July 1, 2025 to September 11, 2025.” · word for word

Merger completion risk; subject to stockholder approval and customary conditions.

“Subject to satisfaction of customary closing conditions and approval by stockholders of Semler.”

Dilution risk from preferred stock issuance; variable rate may increase cost of capital.

“Issuance of Variable Rate Series A Perpetual Preferred Stock; proceeds used for bitcoin purchase, which is volatile.”

Bitcoin price volatility could significantly impact balance sheet; merger integration risk with Semler Scientific.

“Bitcoin treasury strategies and risks associated with Bitcoin and other digital assets... the possibility that the integration of the two companies may be more difficult, time-consuming or costly than expected.” · word for word

Company's treasury is heavily concentrated in bitcoin, exposing it to significant price volatility and digital asset risks.

“risks associated with Bitcoin and other digital assets... total bitcoin holdings increased to approximately 5,957.9 bitcoin” · word for word

Warrant exercise proceeds used to purchase bitcoin rather than fund operations, indicating potential cash flow needs.

“utilized these proceeds to purchase approximately 72.3 bitcoin” · word for word