Strive, Inc.
ASST · NASDAQTreasury vehicleHighUnited States
BTC held
25,000
as of Sep 11, 2026 · 0.119% of 21M
Value now
$1.9B
at BTC $76,746
Basic mNAV
1.06×
mkt cap $2B as of Aug 28, 2026
Sats per share
26,324
95M shares as of Sep 11, 2026
Cost basis
- Average cost per BTC
- $93,624
- Total invested
- $2.3B
- Unrealized gain
- $-422M (-18%)
Treasury debt
- Semler Scientific convertible senior notes assumed in the Jan 16, 2026 merger; $90M was exchanged for ~930,000 shares of SATA preferred on Jan 22, 2026 and the remainder retired — zero convertible notes outstanding as of Jun 30, 2026. Strive funds BTC purchases with equity (ASST ATM sales and SATA Variable Rate Series A Perpetual Preferred), not debt. · 4.25%$100M · due 2030-08-01
Recent activity
Reached exactly 25,000 BTC as of Sep 11, 2026 (8-Ks of Sep 8 and Sep 14): bought 1,375 BTC at ~$79,281 (Aug 31-Sep 4) and 469 BTC at ~$77,954 (Sep 8-11), funded by ATM issuance; effective common shares 94,968,764. Average cost $93,624 is derived from the prior disclosed base plus these stated purchases. Purchased 1,110 BTC for ~$81.5M (avg $73,409/BTC incl. fees) between Aug 17-21, 2026, lifting total holdings to 21,356 BTC per an 8-K filed Aug 24, 2026; the company has been buying almost weekly through 2026 (79 BTC the prior week), funded by ATM sales of common stock and SATA perpetual preferred, with cash rising to $171.9M.
Risk notes
Cost-basis figures above are from the Q2 2026 10-Q as of Jun 30, 2026 (19,864 BTC at $1,882.96M aggregate cost, weighted avg $94,793/BTC vs $58,631 fair value then) — the stack was carried well underwater. Trades at a premium to NAV (mNAV ~1.51x on EV basis per BitcoinTreasuries.net) and depends on continuous ASST/SATA issuance, an ongoing dilution risk (BTC per diluted share grew far slower than BTC held).
Sources
- https://www.sec.gov/Archives/edgar/data/1920406/000162828026060809/asst-20260908.htm
- https://www.sec.gov/Archives/edgar/data/1920406/000162828026061682/asst-20260914.htm
- https://www.sec.gov/Archives/edgar/data/0001920406/000162828026059468/asst-20260831.htm
- https://www.stocktitan.net/sec-filings/ASST/8-k-strive-inc-reports-material-event-a8fbaede5cd5.html
- https://www.theblock.co/news/business/2026-08-24-strive-acquires-1110-bitcoin-for-81-5-million-as-total-holdings-reach-21356-btc-412604
- https://www.sec.gov/Archives/edgar/data/1920406/000162828026054985/asst-20260630.htm
- https://bitcointreasuries.net/public-companies/strive
- https://stockanalysis.com/stocks/asst/
Figures are compiled from public disclosures and may lag. This page is information, not investment advice or a recommendation regarding ASST securities.